Prospects for Angola’s Offshore Market

by Stefan Friborg, Director General, Angola Drilling

Angola is producing around 765,000 barrels of oil per day (BOPD) today and the Minister of Petroleum, Botelho de Vasconsales, has indicated that the production will increase by circa 255,000 BOPD during 2000. This short report reflects the oil activities in the new blocks and the deep-water sector.

The recent discoveries in the offshore deep water blocks of Angola have made the area a “hot” spot. The first oil from Kuito on Chevron’s Block 14 is now flowing from 400 meter water depth and is produced from 12 subsea wells into an FPSO. This development is the first of many that will follow in the deep water sector offshore Angola.The deep-water blocks that have proven to contain reserves are block 14 Chevron, block 15 Esso, 17 Elf and 18 BP/Amoco where the oil companies are now working towards development programs. The National Oil Company Sonangol is actively taking part and are guiding the oil companies towards development scenarios that will contain local participation in order to build up the competency level within the country, as well as to have cost control of different development projects. In the future, as the Angolan deep-water sector matures, we also believe that more independents will be welcome and needed in the country.

This is only an excerpt of Prospects for Angola’s Offshore Market

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