In an advisory, Industrialinfo.com (Industrial Information Resources Inc.
)reports that Girassol, the Angolan offshore, deepwater oil project
run by TotalFinaElf is set to raise the country's daily output by over 25% from 750,000 barrels per day (bp (BP)
d) to 950,000 bpd. The $2.7 billion project is expected to start pumping by the end of 2001 and to have 40 wells at a depth of 1,360m producing
It is estimated that a number of the wells could produce 40,000 bpd.
Partners in Block 17 with TotalFinaElf are Exxon
, BP, Statoil (STO) from Norway
and Norsk Hydro with
stakes ranging from 10% to 20%. Claiming that the 1,300m riser tower is the tallest offshore structure in the world, the company has installed a floating storage and production vessel (FPSO) with a capacity of two million barrels of crude. The potential of this and two other discoveries in the area with a combined total of around three billion barrels has motivated the company to meet and solve the challenges of ultra deep water drilling.
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