British oil company BP invests in production ship for Angola

27 September 2007

Luanda, Angola, 27 Sept – British Petroleum (BP) has invested US$5 billion in the construction of an oil production, storage and transport ship to operate in the Angolan offshore area, a company official said Wednesday in Luanda.

The director of sea installations for the ship, Nick White, told journalists that the factory ship would operate on developing the Plutónio, Paládio, Gálio, Cobalto and Crómio oil fields, locate din bloc 18.

White said that BP annually invests over US$2 billion in Angolan projects in order to become one of the biggest producers of oil and gas in the country.

According to White, “BP’s new investment in Angola will not cause any environmental damage as it does not burn off gas under standard operating conditions, although that may occur at the beginning of production to stabilize the vessel.”

The ship has a storage capacity of 1.77 million barrels of oil and a maximum daily production of 240,000 barrels of oil. (macauhub)