The deep-water oil field begins production in Angola



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July 27, 2018, 12:13 Luanda, Jul 27 (PL) The Floating Production, Storage, and Spill Unit (FPSO) Kaombo Norte began today The extraction of some 115,000 barrels per day of fuel in the deep waters of Angola.

The project, one of the largest in the African country over the last seven years, is 260 kilometers from Luanda and is mainly operated by Total E & P Angola and the National Fuel Society. from Angola (Sonangol), said the latter in a statement to which Prensa Latina had access.

According to the text, it is expected that FPSO Kaombo Sur will also extract 115 thousand tons of 159 liters for joint production in block 32 of 230,000 barrels, in 2019.

At gross extract will be added quantities of gas badociated companies that will be sold at the Angola LNG plant.

The units will be connected to 59 wells in an area of ​​800 square kilometers across one of the largest underwater networks in the world for the development of six different fields (Gengibre, Gindungo, Caril, Canela, Mostarda and Louro) .

Total E & P Angola controls 30% of the company, the same amount (30%) Sonangol. The rest is owned by Sonangol Sinopec International 32 Limited (20%), Esso Exploration and Producción Angola (Overseas) Limited (15) and Galp Energia Overseas Block BV 32 (5).

The news is added this week to the refusal of Sonangol, the national dealer, was considering abandoning its research, exploitation and hydrocarbon production projects.

Several media recently claimed that the parastatal would sell its stake in about twenty oil blocks to raise debts.

The company acknowledged that it has taken steps to focus on its business purpose and other activities in the oil and gas value chain, such as refining, transportation, storage, distribution and marketing. Derivatives

When abundant in purpose, the company said that certain shares go through the total sale or the pair of interests and participations in the oil fields and other badets, looking for the same. greater efficiency and profitability, but do not contradict their business objectives.

The oil company announced that it was postponing for two months the sale of its stake in blocks 20/11 and 21/09, taking into account the interest shown by other companies, including he avoided revealing names

. These farms were at the origin of a dispute between Sonangol and the American Cobalt, resolved amicably last December with the payment of 500 million dollars. dollars from first to second.

rgh / ro

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