BP Global Group will continue to invest in oil in Angola

14 June 2016

The BP Global group has invested more than US$27 billion in Angola and will continue to do so over the next 10 years, in oil and gas research and development in the country, BP Angola said in a statement published in Luanda.

With 950 workers, 80 percent of whom are Angolan, since the 1990s BP Angola has had substantial stakes in deep and ultra-deep waters of the Lower Congo Basin, following its merger with Amoco.

BP Angola is the operator of blocks 18 and 31 in the deep and ultra-deep waters of the Lower Congo Basin, holds interests in blocks 15 and 17 and has a stake in the Angola LNG project in Soyo, in which it has average net production of about 223,000 barrels of oil per day.

BP Angola is also the operator of blocks 19 and 24, and holds interests in blocks 20 and 25 in deep water in the Kwanza and Benguela basins.

Block 18 of the Angolan sea, where the Grande Plutónio project is under development, covers an area of ​​5,000 square kilometres, in water depths ranging from 1,200 to 1,600 metres.

With five fields (Gálio, Crómio, Cobalto, Paládio and Plutónio), the Grande Plutónio project started production in October 2007 and is currently producing an average of 147,300 barrels a day and provides associated gas to the Angola LNG plant in Soyo .

In block 31, BP Angola, on behalf of Sonangol and partners, made ​​a series of discoveries in deep waters, which resulted in the development of the Plutão, Saturno, Vénus and Marte oil fields, known as PSVM, which since December 2012 have produced an average of 142,000 barrels per day. (macauhub/AO)