BP to begin producing over 200,000 bpd of oil in Angola

12 July 2007

Luanda, Angola, 12 July – Some 200,000 barrels per day of oil will begin to be produced from the Grande Plutonio venture in Angola’s offshore Block 18, the CEO of BP-Angola has said.

José Patricio told reporters Wednesday that the coming on-stream of Grande Plutonio will contribute significantly to increase Angola’s oil production – currently estimated at 1.4 million bpd.

Oil production in Block 18, said Patricio, is being undertaken using the Grande Plutonio Floating Production Storage and Offloading (FPSO) vessel, a structure with the same area as three soccer pitches.

An FPSO is a floating structure used in the petroleum industry to receive oil produced from nearby production rigs, processing and storing it before the oil is pumped into crude tankers or sent via pipelines to onshore storage depots.

The Grande Plutonio FPSO, delivered to Angola in February, has a storage capacity of 2 million barrels and a daily processing capacity of 240,000 barrels.

The vessel, built in Angola, South Korea, the UK and Norway, can also treat 300,000 barrels of water per day and up to 380 million cubic feet of gas daily.

BP is among the world’s largest oil and gas companies and operates Blocks 18 and 31 in Angola, with shareholdings in Blocks 15 and 17 and in the natural gas project. (macauhub)