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November 22, 2021

Preowei Conventional Oil Field, Nigeria

By Carmen

Preowei is a conventional oil development located in deepwater in Nigeria and is operated by Total Upstream Nigeria. Discovered in 2004, Preowei lies in block OML 130 (OPL 246), with water depth of around 5,904 feet.

The project is currently in approval stage and is expected to start commercial production in 2024. The Preowei conventional oil development will includes subsea tree.

Field participation details

The field is owned by South Atlantic Petroleum, Africa Oil, Banco BTG Pactual, TotalEnergies and China National Offshore Oil.


Production from Preowei

Production from the Preowei conventional oil development project is expected to begin in 2024 and is forecast to peak in 2026, to approximately 64,927 bpd of crude oil and condensate and 20 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2047.


Remaining recoverable reserves

The field is expected to recover 204.4 Mmboe, comprised of 193.98 Mmbbl of crude oil & condensate and 62.55 bcf of natural gas reserves.


Contractors involved in the Preowei conventional oil field

The key contractors involved in the Preowei project as follows.

Other Contractors: Subsea 7

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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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