Oil block in Angola has accumulated production of 2 billion barrels

29 August 2016

The accumulated production of Block 15 in the Angolan sea has reached 2 billion barrels since it started operating in 2003, Angolan state oil company Sonangol said in a statement issued in Luanda.

“Achieving these significant numbers is the result of seventeen commercial discoveries, which have made Block 15 one of the most successful offshore oil concessions in West Africa,” said the Angolan state oil company in a statement last Thursday.

The deepwater block’s production currently stands at about 320,000 barrels of oil per day.

Block 15 covers an area of ​​4,144 square kilometres and is located approximately 145 kilometres west of Zaire province.

Sonangol is the concessionaire of Block 15, whose operator is Esso Angola (40%), and associated companies are BP Exploration (Angola) Limited (16.67%), ENI Angola Exploration B.V. (20%) and Statoil Angola Block 15 AS (13.33%). (macauhub/AO)