Tie is a producing conventional oil field located onshore Brazil and is operated by Maha Energy. The field is located in block REC-T-155 (Tie).

Three expansion projects are associated with the Tie conventional oil field, namely Tie-5 Development, Tie-6 Development and Tie Injector Wells. The expansion projects are currently in the commissioning and feasibility stage.

Field participation details

The field is owned by Maha Energy.


Production from Tie

The Tie conventional oil field recovered 26.11% of its total recoverable reserves, with peak production expected in 2022. The peak production was approximately 2.76 thousand bpd of crude oil and condensate and 2 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2062.


Remaining recoverable reserves

The field is expected to recover 15.29 Mmboe, comprised of 13.76 Mmbbl of crude oil & condensate and 9.23 bcf of natural gas reserves.


About Maha Energy

Maha Energy AB, an oil and gas company that engaged in providing oil and gas exploration and production services. The company is headquartered in Sweden.

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.