Angola’s Rosa oil field in production since June

16 July 2007

Luanda, Angola, 16 July – The Rosa oil field in offshore Block 17, situated 135 kilometers off Angola’s coast, came on-stream in June with the aim of maintaining production from the Girassol venture, with an estimated daily production of 240,000 barrels.

Andre Teixeira, press officer of the block’s operator, Total, said Friday at the Luanda International Fair that the Rosa project will be launched in October.

Investment in the undertaking is valued at more than US$ 2 billion, he added.

Some of the production equipment being used in the Rosa field has been built in the Sonnamet and Anglofex shipyards, in Lobito, Sonlis in Luanda and the Petromar in Soyo.

With state oil firm Sonangol as concessionaire, Block 17 operator Total has a 40 percent share in the venture. The other shareholders are Esso Exploration (20 percent), BP (16.6 percent), Statoil (13.3 percent and Norsk Hydro (10 percent). (macauhub)