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Wednesday, January 17, 2018

Offshore Angola LNG Project: Output Below Par

Maritime Activity Reports, Inc.

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'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 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

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