Venus is a conventional oil development located in ultra-deepwater in Namibia and is operated by Total E&P Namibia. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Venus was discovered in 2022, lies in block Block 2913B, with water depth of around 9,840 feet. Buy the profile here.
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The project is currently in feasibility stage and is expected to start commercial production in 2029. Final investment decision (FID) of the project will be approved in 2025. The development cost is expected to be $22,997 m. The Venus conventional oil development will includes FPSO.
Field participation details
The field is owned by Impact Oil & Gas, National Petroleum Corporation of Namibia, QatarEnergy and TotalEnergies.
Production from Venus
Production from the Venus conventional oil development project is expected to begin in 2029 and is forecast to peak in 2034, Based on economic assumptions, the production will continue until the field reaches its economic limit in 2076.
Contractors involved in the Venus conventional oil field
Some of the key contractors involved in the Venus project as follows.
Other Contractors: Noble and Northern Ocean
For more details on the Venus Conventional Oil Field, buy the profile here.
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This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
