Prospecting begins on nine oil blocks in Angola

3 September 2014

Prospecting for oil and gas has begun at nine Angolan blocks, according to a report by the Oil Ministry on prospecting activities in Angola.

The document indicates that operators such as ENI (Italy), Repsol (Spain), Total (France), Petrobras (Brazil) and Statoil (Norway) have ongoing prospecting operations in the Angolan sea, with a global investment of US$630 million so far.

Of the nine operations underway on 30 July, the one run by Cobalt (United States) in block 21/09, in deep waters, it at the most advanced stage.

The American oil company has invested US$164 million in this operation, of an estimated total of just over US$179 million and has achieved its initial production targets, at a depth of 1,633 metres and is now under “review”.

Also under review is the activity of the Associação de Cabinda operator, with drilling underway, as is Total, in block 32, in ultra-deep waters.

The remaining six drilling operations identified by the Oil Ministry on the same date, are at the stage of preparation, drilling or testing.

Angola is the second largest oil producer in sub-Saharan Africa and reached a daily production of around 1.6 million barrels per day in the first half of the year. (macauhub/AO)

MACAUHUB FRENCH