Venus Oil Field Development
Sector: Oil and Gas • Location: Equatorial Guinea
Source: Upstream Online
Vaalco Energy is considering using a floating production, storage and offloading (FPSO) vessel to develop its marginal Venus oil discovery in Equatorial Guinea. The project involves developing a shallow-water oil field discovered in 2005 with about 23 million barrels of oil. A $310 million plan of development was approved, initially centered on an FPSO due on stream in 2026. Recent studies conside
Project Information FAQ
Project Information
Want to explore the full details? View the full report
Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | planned |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | Vaalco Energy is considering using a floating production, storage and offloading (FPSO) vessel to develop its marginal Venus oil discovery in Equatorial Guinea. The project involves developing a shallow-water oil field discovered in 2005 with about 23 million barrels of oil. A $310 million plan of development was approved, initially centered on an FPSO due on stream in 2026. Recent studies considered alternatives such as a jack-up converted into a production facility and drilling complicated wells from a drillship tied back to an FPSO via subsea wells. The decision on the development concept is influenced by plans to use water injection for resource extraction. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |