Sonangol and Total E&P announce further oil strike in Angola

25 May 2011

Luanda, Angola, 25 May – Angolan state oil company Sonangol and Total E&P (Angola) said Tuesday in Luanda they had discovered oil in the Canna-1 well in the northeast of block 17/06, in the deep waters of offshore Angola.

“The results of the tests on this well confirmed a production capacity of over 5,000 barrels of high quality oil per day,” the statement said.

Sonangol is the block’s concession holder and Total E&P (Angola) is the operator and both have an equal stake of 30 percent in it.

The partners in this block are Sonangol Pesquisa e Produção (30%), Sonangol Sinopec International Seventeen Limited (27,5%), ACREP Bloco 17 S.A (5%), Falcon Oil Holding Angola (5%) and Partex Oil & Gas (2,5%).

Meanwhile, after anchoring at block 17, the Pazflor floating production, storage and offloading (FPSO) unit for oil and natural gas, owned by French oil company Total is now linking up its umbilicals, which make it possible to extract the crude oil to be processed on board.

According to Angolan news agency Angop, the Pazflor FPSO is due start producing oil next November.

The 120,000 ton vessel, which is 325 metres long and will have capacity to process 220,000 barrels of oil or 4.4 million cubic metres of gas per day, as well as being able to store 1.9 million barrels of crude oil.

The Daewoo Shipbuilding & Marine Engineering Co naval shipyard, the second-largest in South Korea, finished construction of “Pazflor” in January of this year after being awarded an international public tender worth US$2.3 billion. (macauhub)

MACAUHUB FRENCH