Angola’s Grande Plutónio oil project to produce 80,000 barrels of oil per day

28 September 2007

Luanda, Angola, 28 Sept – The five oil fields that make up the Grande Plutónio oil project, in bloc 18 of Angola’s offshore area, some 160 kilometers from the coast, are set to produce a daily average of 80,000 barrels per day by the end of the year, Sonangol director Mateus de Brito said.

According to Angolan newspaper Jornal de Angola, de Brito said that production was expected to reach 200,000 barrels per day in 2008.

Grande Plutónio, which represents an overall investment of US$5 billion, has estimated reserves of 644 million barrels of oil and is operated by British Petroleum (BP) in partnership with Sonangol and China’s Sinopec.

The fields are supported by a 310-meter long production, storage and transport ship.

According to de Brito, this project has special significance for BP as it is not only its first project as operator in Angola, but also because the platform and its facilities represent a significant investment. (macauhub)