Preowei-3 Tops Up The Volume in TOTAL’s Deepwater Reservoirs

A third field can now be developed in OML 130, after Akpo and Egina

TOTAL has discovered new oil in its operated Oil Mining Lease (OML) 130 in deepwater Nigeria.
The evaluation of the results of the Preowei-3 well, concluded in late November 2017, indicate an addition of approximately 80 to 100 Million barrels of oil (MMbo) to the full field contingent recoverable resources, bringing them to 140 to 200MMbo.

Preowei is the third producible oil accumulation in OML 130, which hosts the giants Akpo (in production since 2009) and Egina (with expected first oil in late 2018).

The Preowei-3 well, drilled to a final depth of 3,235 meters, encountered approximately 50 metres net of high-quality oil-bearing sandstone reservoirs, in line with expectations. The well confirms previous results from the Preowei-1B and Preowei-2 wells, which encountered approximately 55 metres of oil-bearing sandstone reservoir.

This result means that Preowei can be developed as a field, and deliver around 40-50,000barrels of oil a day (BOPD). “We are encouraged by the results of this well which confirm the commercial viability of this
deep offshore discovery.

TOTAL is now progressing discussions with our partners and the authorities regarding the development of this resource,” said Arnaud Breuillac, President Exploration & Production at TOTAL.

TOTAL Upstream Nigeria Limited operates OML 130 with a 24% interest, in partnership with
Nigerian National Petroleum Corporation (NNPC), South Atlantic Petroleum (SAPETRO),
CNOOC Limited and Petrobras.

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