Angola: StatoilHydro produces 200,000 barrels of oil per day in Angola

25 April 2008

Luanda, Angola, 25 April – Norway’s StatoilHydro currently produces 200,000 barrels of oil per day or around a tenth of total Angolan production of 1.9 million barrels daily, the group’s executive vice-president said in Luanda Thursday.

Speaking to the press Peter Mellbye, who was in Angola to meet with the Norwegian company’s partners and Angolan oil sector authorities, said that the group currently had total production of 475,000 barrels of oil per day.

Currently, StatoilHydro explores blocs 15 and 17 in Angola, and is the country’s biggest non-operating company and one of the seven most improtant oil producers in Angola, including Sonangol.

The Norwegian company also provides technical assistance on Sonangol Pesquisa e Produção projects in blocs 34 and 4/05, production on which is due to begin in the second half of 2008, which will be SonangolP&P’s first offshore development.

StatoilHydro was set up in 1 October, 2007 after a merger of the oil businesses of Staoil and Hydro, established in 1972 and 1905, respectively.

The company currently operates in Angola, Algeria, Azerbaijan, Brazil and Venezuela. (macauhub)