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 June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Offshore Installation at Lerwick

A large steel oil storage tank to be installed west of Shetland as part of Premier’s development of the Solan field has arrived in Lerwick onboard a heavy-transport vessel Xiang Yun Kou,

Wagenbourg New Crane for Oil, Gas, Energy Sector

Wagenborg Nedlift has expanded her crane fleet with a brand new 700 tonnes mobile crane. With this crane the fleet is significantly strengthened. Equipped with

Study: An Arctic Oil Well Blowout Could Spread More Than 1,000km

Oil from a spill or oil well blowout in the Arctic waters of Canada's Beaufort Sea could easily become trapped in sea ice and potentially spread more than 1,000 kilometres to the west coast of Alaska,

Ports

Location of New Port Expansion Projects: Analysis

When it comes to port development, many governments now favour letting the market decide where expansion should take place, whereas most other transport infrastructure,

GAC North America Passes the Helm to Schensema

GAC says it  has moved Claus Schensema to Houston, Texas, where he will take up the post of Managing Director of GAC North America Logistics. Schensema brings

Intelligent grabbing technology SmartGrip by Liebherr

For the mobile harbour crane range Liebherr has developed an intelligent system which optimises grab filling rates in a self-learning manner. In a comprehensive study,

 
 
Maritime Contracts Maritime Security Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.0809 sec (12 req/sec)