Onshore oil and natural gas extraction began Tuesday in Angola’s Cabinda province at a block operated by Pluspetrol Angola, a subsidiary of Argentinean group Pluspetrol, Angolan news agency Angop reported.
Ruben Alvarado, the director of operations at Pluspetrol, said that the group had a lot of experience in onshore oil and had operated in this business across the world, including in the Peruvian Amazon.
In Cabinda, specifically in the area to the south of the provincial capital, Pluspetrol Angola has a 55 percent stake in an operation license for the Cabinda Sul block.
By the end of the year the company expects to produce 7,000 barrels of oil per day at the 10 active wells, and has a 27-kilometre pipeline to carry the oil from the Castanha/Coco field to the Malongo terminal where the oil exporting terminal is located.
Alvarado also said that as well as the Castanha/Coco field, there was also another project that will focus on producing natural gas to supply the Malembo power plant, which produces electricity for the city of Cabinda and town of Landana.
The Argentinean group has invested 60 billion kwanzas (US$458 million) in this project between 2005 and 2013 on prospecting, development and production. (macauhub)