Angola: Sonangol authorises BP and partners to develop oil fields in bloc 31

29 July 2008

Luanda, Angola, 29 July – Angolan state oil company Sonangol has authorised BP and its partners to develop, in an integrated manner, fields located in the deep waters of bloc 31 in Angola’s offshore area, according to Angolan news agency Angop.

Accordingt o a Sonangol statement published in Luanda, BP Exploration (Angola) is the operator of the concession on bloc 31 with 26.67 percent and its partners are Esso Exploration and Production Angola Limited (25 percent).

The group also includes Sonangol EP – concession holder (20 percent), Statoil Angola A.S. (13.33 percent), Marathon International Petroleum Angola Limited (10 percent) and Tepa (5 percent).

The first project scheduled, Sonangol said, deals with the Plutão, Saturno, Vénus and Marte (PSVM) fields, located in the north-eastern region of bloc 31, at a depth of around 2,000 metres, and northeast of Luanda.

According to the statement, the construction work is expected to begin this year and production launched in 2011. Maximum production is expected to be 150,000 barrels per day and is expected to begin in 2012. (macauhub)