Total plans to take FID on Preowei project off Nigeria this year

Total says it is working on sanctioning the development of its Preowei project in Nigeria in 2019.

The French firm’s plans were revealed by the MD of Total E&P Nigeria, Nicholas Terraz, who was represented by Alex Aghedo, Coordinator, Contracts & Procurement and Nigerian Content, Total Upstream Companies in Nigeria while speaking at the 2019 Nigeria Oil & Gas Opportunity Fair in Yenegoa.

Aghedo said that the company will make the FID on the Preowei project this year if everything goes according to plan. He went on to say that the company, over the past decade, had delivered three FPSOs and all were producing. The last project coming online for Total was the Egina FPSO that came onstream in December.

“We have just finished with Egina and it is expected to be producing 200,000 barrels of oil per day but as you all know that the dynamics of the reservoir means that after sometime we will not be able to keep Egina to producing oil at that level.

“What we need is to have a project that will feed in for Egina. Preowei is the first one that we want to put into production. And, we are working with DPR to be able to get the necessary approvals for this project,” he said

Preowei oil field is located on OML 130, about 25 km North of Egina field in water depths of 1,150 meters. Preowei is the third producible field on OML 130, the other two are the Akpo and the Egina.

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Source: Petroleum Africa