Angola: Oil exploration in Block 17 could increase production capacity by 200,000 barrels per day

16 January 2009

Luanda, Angola, 16 Jan – Production capacity at Block 17 could increase from 500,000 to 700,000 barrels per day, when at the end of 2011 the Pazflor floating oil production, storage and unloading unit goes into operation, Angolan news agency Angop reported.

The agency cited Batuque magazine, which in its December edition reported that drilling for the project would begin this year (2009) and would include 49 wells, 23 of which would be required in order for production to begin.

Block 17, located in the offshore area of Soyo municipality in Zaire province, which began producing oil in 2001, includes the Girassol, Dália, Rosa, Lírio, Tulipa, Orquidia, Cravo Camélia, Jasmim, Perpetua, Antúrio and Violeta fields.

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

The country’s oil production, previously estimated at 1.9 million barrels per day, has recently seen a drop of 244,000 barrels of oil per day in order to honour the commitment made to the oil production quota set by OPEC (Organization of Petroleum Exporting Countries). (macauhub)