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

Offshore

DNV GL Targets Safer Approach to Subsea Lifting

The completion of a joint industry project (JIP) to improve existing standards and regulations around subsea lifting operations has resulted in a new recommended practice (RP).

Polarcus Awarded 3D Project Off West Africa

Polarcus Limited has signed a letter of intent with Perenco Oil & Gas Gabon S.A. for a 3D marine seismic acquisition project offshore West Africa.   The project,

Boskalis, VolkerWessels Win Offshore Wind Farm Work

Royal Boskalis Westminster N.V., in partnership with Volker Stevin International (VolkerWessels), has been awarded a contract by Iberdrola Renewables Offshore Deutschland

Ports

Port Workers in Argentine Grain Hub End Strike

Port workers in part of the Argentine grains hub of Rosario lifted a work stoppage on Friday, only a day after they went on strike over demands for higher year-end bonuses, a union official said.

Port of Houston Expecting Record Year

The Port of Houston Authority is expecting 2014 to close as a banner year for the port, with 34 million tons of cargo handled through November, Executive Director

Costa Rica Approves APM Terminals Project

Port operator APM Terminals, a unit of Denmark's A.P. Moller-Maersk, said on Friday Costa Rica's environment agency had approved the construction of its Moin Container Terminal project.

 
 
Maritime Contracts Maritime Security Maritime Standards Offshore Oil Port Authority Ship Repair Ship Simulators Shipbuilding / Vessel Construction 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: 0.0899 sec (11 req/sec)