Marine Link
Monday, September 26, 2016

Offshore Angola LNG Project: Output Below Par

November 3, 2013

Angola's US$10-Billion LNG project's output will fall short of design capacity through 2014 after upstream problems, including a rig disaster, forced it to bring forward new supplies from other blocks, reports Reuters, citing a statement by a senior executive at state oil company Sonangol.

Earlier this year, the drilling rig Perro Negro 6 operated by Italian oil services group Saipem capsized as it was laying a pipeline linking Chevron (CVX)'s Block 0 and 14 with the liquefaction plant.

The project is operated by U.S. oil major Chevron with a 36.4 percent shareholding, while Sonangol has a 22.8 percent stake. Other stakeholders include Total, BP (BP) and ENI.

The plant's peak production capacity can be achieved only if it receives 1 billion cubic feet of gas daily from the five offshore blocks mandated to supply the facility says the Reuters report.

Source: Reuters
 



Maritime Reporter Magazine Cover Sep 2016 - Maritime & Ship Security

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News