Angola: Rosa oil field produces 90,000 barrels of oil per day

1 November 2007

Luanda, Angola, 1 Nov – The Rosa oil field, located in bloc 17, 135 kilometers off the coast of Soyo, in Angola’s Zaire province, is producing 90,000 barrels of oil per day, Sonangol director, Nsianga Abílio announced Wednesday.

During the launch of the project, Abílio said that the Rosa field would gradually increase its production until it reaches maximum capacity of at least 145,000 barrels per day.

At an overall cost of some US$2.5 billion, the director said, the project demonstrates that Angola continues to be a country with enormous oil potential.

The development of the Rosa field is based on the undersea link of two reservoirs to the Girassol platform.

Bloc 17 includes the Girassol, Dália, Rosa, Lírio, Tulipa, Orquidia, Cravo Camélia, Jasmim, Perpetua, Antúrio and Violeta fields.

Oil production in Angola represents, according to official figures, 90 percent of the country’s exports, 50 percent of its grow domestic product (GDP) and 80 percent of its tax revenues.

Angola’s current oil production is 1.6 million barrels per day, whilst reserves are estimated at 12.4 billion barrels.

The Angolan offshore area is split into 74 shallow, deep and ultra-deep water exploration blocs, but only 30 are currently in operation. (macauhub)