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General Electric’s Angolan partner AE Energia has delivered three 28MW turbines to the Quileva thermal power plant in Lobito to increase its capacity to 215MW. The TM 2500 turbines, which were manufactured at a GE plant in Hungary, will undergo testing before being connected to the grid. The Ministry of Energy and Water said the increased generation capacity aims to improve supply to the cities of Benguela, Lobito, Catumbela and Baía Farta.

Angola
Issue 340 - 16 February 2017

Eni starts up East Hub

Subscriber

Eni has started production from the East Hub development project in Block 15/06. Oil from nine wells on the Cabaça South East field is being produced to the Armada Olombendo floating production, storage and offloading (FPSO) vessel, with capacity of 80,000 b/d of oil and 3.4mcf/d of gas.East Hub will add to production from the existing West Hub Project in the Sangos, Cinguvu and Mpungi fields, where another vessel, the FPSO N’Goma, is operating (AE 291/15). In total, Block 15/06 will reach peak output of 150,000 b/d of oil this year.

Angola
Issue 340 - 16 February 2017

Angola: US DoJ closes Cobalt FCPA probe

Subscriber

Cobalt International Energy said on 9 February that the US Department of Justice (DoJ) had closed its investigation into Cobalt’s operations in Angola. The DoJ and the US Securities and Exchange Commission (SEC) began investigating Cobalt in 2011 in response to allegations of a connection between senior Angolan government officials and Nazaki Oil and Gas, an Angolan company that, until 2014, held a working interest alongside Cobalt on blocks 9 and 21 (AE 284/21).

Angola
Subscriber

The first turbine of the 750MW Soyo combined-cycle gas power plant in the far north on the Congolese border will be connected to the grid by the end of March, according to the Ministry of Energy and Water. The plant is being brought on line in phases and all four 187.5MW turbines should be operational by year-end. A 400km high-voltage transmission line between Soyo and Luanda is due to be completed in May. The cities of Nzeto, Tomboco, Mbanza Congo, Nóqui and Cuimba in the Zaire province will be the first to be connected to the grid.

Angola
Subscriber

Sonangol’s new board has said that a thorough investigation of the parastatal’s financial and management problems has revealed that the situation is worse than expected. With $1.6bn of debt payments due by year-end, the company has been in talks with international banks to secure financing. The company’s total debt is estimated at $9.85bn.A 1 December statement by the new board said Sonangol had failed to adjust its strategy to cope with the sharp reduction in revenue caused by the oil price crash.

Angola
Issue 337 - 22 December 2016

Angola: FPSO arrives for Eni’s East Hub

Subscriber

Eni’s floating production, storage and offloading (FPSO) vessel Armada Olombendo has arrived at Block 15/06 ready for next year’s start-up of the East Hub development project. The vessel was built at Keppel shipyard in Singapore for Malaysian FPSO operator Bumi Armada. Eni held a naming ceremony there on 14 October.

Angola
Subscriber

The Industrial and Commercial Bank of China (ICBC) will provide up to $4.5bn of finance for the construction of the 2,171MW Caculo Cabaça dam on the Kwanza River, 19km downstream from the 2,070MW Laúca dam. The contract for what will be Angola’s biggest dam was signed in Beijing on 29 November by Angolan finance minister Archer Mangueira. The project will benefit from insurance cover by Sinosure to guarantee the investment, China’s largest in Angola to date.

Angola
Issue 335 - 24 November 2016

Angola/Namibia: RfP for interconnector

Subscriber

The Southern African Power Pool Coordination Centre (SAPP CC) has issued a request for proposals from shortlisted consultants for transaction advisory services for the Angola-Namibia transmission interconnector project. The project is being sponsored by Angolan transmission company Rede Nacional de Transporte de Electricidade (RNT) and Namibia Power Corporation (NamPower), and coordinated by SAPP CC, with funding from the European Union, Germany’s KfW, the government of Norway and the Swedish International Development Cooperation Agency. The Angola-Namibia transmission interconnector is expected to link the electricity networks in northwestern Namibia and southern Angola.

Angola | Namibia
Issue 335 - 24 November 2016

Angola: Mafumeira Sul start-up

Subscriber

Sonangol EP announced the start on 31 October of the early production system on the south wellhead platform of the Mafumeira Sul project. The Chevron-operated project is located about 24km off the coast of Malongo in water depths of about 60 metres. It includes a central processing facility, two wellhead platforms, 121km of subsea pipelines, 34 producing wells and 16 water injection wells. The facility has a design capacity of 150,000 b/d of liquids and 350mcf/d of natural gas per day.

Angola
Issue 332 - 18 October 2016

Angola: Filda trade fair cancelled

Subscriber

A deepening economic crisis has forced the cancellation of this year’s Luanda International Fair (Filda), which had already been postponed from July to November. It will be the first cancellation in 33 years for the event, which was held throughout Angola’s civil war, which ended in 2002. The business weekly Expansão reported that the 33rd annual fair had been cancelled due to the “financial difficulties of the country”, which has been hard hit by a sharp fall in oil revenues.

Angola
Free

Houston-based FMC Technologies has won a contract to provide subsea multiphase boosting pumps, manifolds and installation support services for Eni Angola’s Block 15/06 West Hub development project. “This is our second award for our new subsea multiphase boosting system and we are confident that this technology will be a critical and important part in supporting increased deep-water field recovery,” said senior vice-president of subsea technologies Tore Halvorsen. The West Hub development started production in December 2014 and more fields have steadily been added.

Angola
Issue 330 - 16 September 2016

Angola: Laúca to start up by July

Subscriber

Filling of the reservoir for the Laúca dam in Malanje province is expected to start in January, and the first 334MW turbine is expected to come on stream by July. Project director Elias Estevão told state news agency Angop that engineering work in preparation for filling the reservoir was due for completion by year-end. Estevão said energy supply to the city of Malanje would be guaranteed by two transmission lines from Laúca and Cacuso town, passing via the Capanda dam through two substations, one of which still to be expanded and another to be built.

Angola
Issue 329 - 05 August 2016

Angola: Sonangol drops Cobalt purchase

Subscriber

Sonangol has said it will not go ahead with the planned purchase of Cobalt International Energy’s 40% stake in blocks 20 and 21. The parastatal is undergoing restructuring to enable it to cope with a sharply lower oil price and announced after a meeting in June of its new board that it was suspending all talks relating to the sale of assets. An agreement for Cobalt to sell its stakes to Sonangol for $1.75bn was announced in August 2015. Cobalt said in its Q2 operational update that chief executive Tim Cutt met Sonangol board chair Isabel dos Santos and her executive team in Luanda in late July to discuss the sale.

Angola
Issue 328 - 22 July 2016

Angola: MoU on hydrokinetic energy

Subscriber

The Ministry of Energy and Water has signed a memorandum of understanding (MoU) with Abu Dhabi industrial group Privinvest to introduce hydrokinetic power generation over the next decade. Privinvest affiliates CMN and Hydroquest design and manufacture turbines for use in rivers and the sea, harnessing energy from tides and flowing water.State power utility Empresa Pública de Produção de Electricidade (Prodel) and Privinvest have agreed to set up a joint venture company, which will initially manufacture and operate hydrokinetic energy schemes in Angola. The workload will be split between Angola and France.

Angola
Subscriber

New Sonangol chief executive Isabel dos Santos has suspended all talks relating to the sale of assets belonging to the Angolan state oil firm and stripped its legal department of most of its powers.A brief statement posted on Sonangol’s website following a 27 June meeting of the new board said the evaluation, negotiation and sale of any assets held by Sonangol and its subsidiaries had been suspended with immediate effect.

Angola