BP To Explore Angola's Ultra-Deep Waters This Fall

Tuesday, August 07, 2001
Oil major BP intends to be the first to drill in Angola's ultra-deep waters this October, a senior company official said.

"We plan to drill in block 31 towards the end of October," according to a BP general manager and associate president.

BP has a 26.7 percent operating share in the 6,562-ft. (2,000-m) deep block 31, one of three ultra-deep concessions awarded in 1999. It abuts the billion-barrel finds in Exxon-Mobil's block 15.

BP officials said the northern part of block 31 would be the priority and that drilling would likely be at a depth of 5,906 ft. (1,800 m) in tertiary sediment.

"We're looking for similar discoveries that have been found in the lower Congo basin territory," the officials said.

Crushing pressures and cold water combine to push drilling in ultra-deep waters to the edge of industry technology. Robots and automated wells are common.

The company has a commitment to drill four wells in four years. It has invested about one billion dollars in the southwest African country since 1990 and intends to invest $7 billion more over the next decade.

Other stakeholders in block 31 are Exxon-Mobil (25 percent); Angolan state oil company Sonangol (20 percent); Norway's Statoil (13.3 percent); Marathon (10 percent); and France's TotalFinaElf (five percent).

Exxon-Mobil and TotalFinaElf operate the two other ultra-deep blocks 32 and 33. It is estimated that the partners paid more than $900 million in signature bonuses for the three blocks.

While production is scheduled for early 2006, officials said it was too early to estimate the number of barrels per day, although the range could be 50,000 to 250,000.

"We hope to be in detailed engineering by the end of this year," the company said in a statement.

"We're looking for the most efficient development of the six fields."

Maritime Reporter July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

BSEE Updates Hurricane Reporting Requirements

BSEE is providing updated guidance for the current and future hurricane seasons through a Notice to Lessees (NTL) released July 27, 2015. NTL 2015-G02 clarifies

Offshore Wind Shift to Drive Vessel Services Cooperation

Evolving procurement processes for U.K. Round 3 offshore wind farms will require a greater number of work streams, personnel with new and differing skills, and

ABB hands over Germany’s DolWin1

DolWin1 integrates 800 megawatts (MW) of clean energy into the German transmission grid ABB, the leading power and automation technology group, has successfully

Ports

Diesel Spill in Houston Ship Channel

A small section of the Upper Houston Ship Channel was closed Tuesday morning after a report of 1,000 gallons of diesel entered Greens Bayou from a cement facility, the U.

New Load Measurement Solution for Port of Dampier

Strainstall designs and delivers a load measurement solution for the world’s largest floating wharf at Port of Dampier.   Strainstall, part of James Fisher and Sons plc,

Work Begins on $1.6 bln Container Terminal at Jebel Ali Port

DP World Chairman Sultan Ahmed Bin Sulayem announced the start of construction work on a brand new container terminal at Jebel Ali Port, Dubai.   Phase 1 of the

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Offshore Oil Pipelines Pod Propulsion Ship Electronics Ship Repair Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0898 sec (11 req/sec)