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November 23, 2021

Owowo West Conventional Oil Field, Nigeria

By Carmen

Owowo West is a conventional oil development located in deepwater in Nigeria and is operated by Esso Exploration and Production Nigeria. Discovered in 2009, Owowo West lies in block OPL 223 and OML 139 (OPL 222P), with water depth of around 2,211 feet.

The project is currently in feed stage and is expected to start commercial production in 2025. Final investment decision (FID) of the project will be approved in 2022.

Field participation details

The field is owned by Chevron, Exxon Mobil, Nigerian National Petroleum, TotalEnergies and China National Offshore Oil.


Production from Owowo West

Production from the Owowo West conventional oil development project is expected to begin in 2025 and is forecast to peak in 2027, to approximately 179,707 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2060.


Remaining recoverable reserves

The field is expected to recover 739.12 Mmboe, comprised of 739.12 Mmbbl of crude oil & condensate.


Contractors involved in the Owowo West conventional oil field

Some of the key contractors involved in the Owowo West project as follows.

Design/FEED Engineering: Mecthroleum Nigeria

Other Contractors: Arab Petroleum Investments and STAT Marine Nigeria

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Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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