Consortium that operates bloc 14 in Angola orders largest oil rig in the world from South Korean company

4 September 2006

Lisbon, Portugal, 04 Sept – The oil consortium that operates bloc 14 in Angola, where US company Chevron is the operator, has ordered the largest oil rig in the world from a South Korean builder, Portuguese financial daily Jornal de Negócios reported Friday.

The naval construction and engineering division of Daewoo will build the rig, which is due to be ready in May 2009.

The paper added that the rig would produce 130,000 barrels of oil per day in the Tombua and Landana fields, in the profitable deep waters of bloc 14, where there have been nine oil strikes.

The consortium is made up of Chevron, with 31 percent, by Sonangol, ENI and Total, with 20 percent each and by Portugal’s Galp, with the remaining 9 percent. (macauhub)