Wei is a conventional oil development located in deepwater in Guyana and is operated by CGX Energy. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Wei was discovered in 2023, lies in block Corentyne, with water depth of around 1,912 feet. Buy the profile here.
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The project is currently in feasibility stage and is expected to start commercial production in 2030. The development cost is expected to be $2,811 m.
Field participation details
The field is owned by Frontera Energy and othres.
Production from Wei
Production from the Wei conventional oil development project is expected to begin in 2030 and is forecast to peak in 2032, Based on economic assumptions, the production will continue until the field reaches its economic limit in 2057.
Contractors involved in the Wei conventional oil field
Some of the key contractors involved in the Wei project as follows.
Other Contractors: Schlumberger and Subsea 7
About CGX Energy
CGX Energy Inc (CGX), a subsidiary of Frontera Energy Corp, is an oil and gas exploration and production company that acquires, explores and develops crude oil and natural gas reserves. The company holds three licenses in the Guyana-Suriname Basin, a frontier Basin in South America with a hydrocarbon system and prospective deep water plays that can be drilled in shallow water. It also holds interests in onshore and offshore concessions including Corentyne, Demerara and Berbice. CGX partners with other oil and gas companies for its exploration activities. CGX is headquartered in Toronto, Ontario, Canada.
For more details on the Wei Conventional Oil Field, buy the profile here.
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This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
