Century FPSO Front Puffin which is currently undergoing upgrade and refurbishment in SHI-MCI yard in Lagos Nigeria has being slated to mobilize to Kalaekule field. The FPSO Front Puffin which was previously positioned at the operating production asset in OML113 has been sold by Panoro Energy to PetroNor.
According to PetroNor, there are two production wells – the Aje-4 with oil production and Aje-5ST2 with oil and gas production – along with a significant gas-condensate column ready for further development. The company’s data shows that oil production in 2020 was around 1,981 bopd.
ADM Energy is previous press release, had disclosed that on behalf of the partners in the Aje oil field development offshore Nigeria are looking forward to replace the current FPSO to increase capacity, as part of long-term development plans for the surrounding OML-113 lease.
The partners have decided not to commit to an extension of the current FPSO contract and will stop production in preparation for demobilization of the vessel from the field. They are working to secure another FPSO that could allow for substantially increased production from the redevelopment of Aje.
In 2020 an interview with Bloomberg, the group executive director at Dangote Industries Ltd, Devakumar Edwin, said Mr Dangote is working with Chinese and Malaysian contractors and has completed a development plan for the Kalaekule field on its Oil Mining Lease 72 asset.
Work will then move to an undeveloped KI discovery on Block 71, a small shallow water asset in south-eastern Niger River delta.
“We are looking at the first phase of 20,000 barrels a day but our objective is to expand it to 100,000 barrels a day for the two blocks. If everything goes well, we can do that in 12 to 15 months because we are already doing the 3D seismic studies,” Mr Edwin was quoted as saying.
Production from the fields is expected to feed Dangote’s privately built 650,000 barrel a day refinery. The refinery is expected to double Nigeria’s refining capacity and while providing cost savings helps in meeting the increasing demand for fuels.
Kalaekule Redevelopment is a conventional oil development located in shallow water in Nigeria and is operated by West African Exploration and Production. Kalaekule Redevelopment lies in block OML 72, with water depth of around 243 feet. The project is currently in approval stage and is expected to start commercial production in 2024. The Kalaekule Redevelopment conventional oil development will includes fixed platform.
The field is owned by Nigerian National Petroleum, Dangote Industries and FIRST Exploration & Petroleum Development with participatory working interest of 55.00%, 38.25% and 6.75% respectively. Production from the Kalaekule Redevelopment conventional oil development project is expected to begin in 2024 and is forecast to peak in 2025, to approximately 19,966 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2057.
The field is expected to recover 75.58 Mmboe, comprised of 75.58 Mmbbl of crude oil & condensate. Kalaekule Redevelopment Recoverable Reserves Crude Oil & Condensate is 100.00%. Some of the key contractors involved in the Kalaekule Redevelopment project as follows are Engro and PE Energy. Information on the field is sourced from GlobalData’s fields database
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