Block 17 in Angola’s offshore produce 1 billion barrels of oil in 10 years

5 August 2010

Luanda, Angola, 5 Aug – Ten years after the start of operations, block 17 in Angola’s offshore has produced 1 billion barrels of oil from the Girassol, Dália, Rosa and Jasmin rigs, Angolan magazine Exame Angola reported in its latest edition.

The date was commemorated on the Girassol rig and was in the presence of officials from Sonangol, Total, Statoil, Esso and BP.

Jacques des Grottes, Total’s director for African research and production, re-stated the company’s focus on continuing to survey and produce hydrocarbon reserves under the best safety conditions and thus support Angola’s development.

According to Sonangol director, Gaspar Martins, the 1 billion barrel mark is a reason for the Angolan authorities to celebrate as it shows that there is a serious commitment to operational safety.

Martins said he believed that, over the next few years, block 17 would exceed the figure now achieved due to its enormous crude oil potential.

Total, which is Angola’s biggest oil producer, together with Exxon Mobil Corporation and Chevron, is responsible for production of around 500,000 barrels of oil per day. (macauhub)