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Issue 381 - 22 November 2018

Angola: UK guarantee for substation work

Subscriber

Elecnor subsidiary IQA Group has won UK Export Finance (UKEF) support for a contract to upgrade two substations in Viana, east of Luanda, and Gabela, in Kwanza Sul, over two years.

Angola
Subscriber

Total on 10 November announced project sanction for Clov Phase 2 and Dalia phase 3 at a ceremony formally inaugurating the Kaombo project. Kaombo, on Block 32, is Angola’s biggest offshore development. The first floating production, storage and offloading (FPSO) vessel, Kaombo Norte, came on stream in July, with a production capacity of 115,000 b/d. The start-up of the second FPSO, Kaombo Sul, is expected in 2019. Overall production will reach an estimated 230,000 b/d at peak and the associated gas will be exported to the Angola LNG plant.

Angola
Issue 381 - 22 November 2018

Angola: GECF membership

Free

Angola joined the Gas Exporting Countries Forum (GECF) as an observer member at the group’s 20th ministerial meeting in Port of Spain, Trinidad and Tobago, on 14 November. The other African members are Algeria, Egypt, Equatorial Guinea, Libya and Nigeria. The fifth summit of GECF heads of state and government will take place in Malabo in November 2019, the first time it has been held in Africa.

Angola
Free

BP has given Aker Solutions a five-year contract to supply brownfield modifications, maintenance and operations support for the Greater Plutonio field on Block 18 and the PSVM cluster development on Block 31. The scope of work covers the supply of engineering, procurement, and construction services for brownfield projects on each of the two floating production, storage and offloading vessels. This includes support for upgrades to process, chemical and marine support systems, as well as refurbishment of ageing piping and equipment. Aker has previously provided subsea support to Total’s Dalia and Kaombo projects offshore Angola.

Angola
Issue 375 - 31 August 2018

Angola: Kaombo start-up

Subscriber

Total has started production from the Kaombo development on Block 32, 260km off the coast of Luanda. Kaombo Norte, the first floating production, storage and offloading (FPSO) unit on the development, will produce an estimated 115,000 b/d of oil, while Kaombo Sul is expected to start up in 2019. Production will reach an estimated 230,000 b/d of oil at peak and the associated gas will be exported to the Angola LNG plant, in which Total holds a 13.6% stake.

Angola
Subscriber

In an effort to tackle the economy’s imbalances and reduce dependency on oil, the Angolan government has asked the International Monetary Fund (IMF) to initiate discussions on an economic programme that could be supported by an Extended Fund Facility (EFF).The EFF was established to help countries experiencing serious payments imbalances because of structural impediments, or struggling with slow growth and an inherently weak balance of payments position. EFFs offer longer repayment periods than the more classic bailout loans, in return for longer-term structural reforms.

Angola
Subscriber

Angola has announced plans for a national oil and gas agency to replace all-powerful parastatal Sonangol as national hydrocarbons concessionaire as part of efforts to restructure the oil sector. Supervision of the sector will be in the hands of the Ministry of Mineral Resources and Petroleum, and will include establishing medium and long-term strategy, managing legal disputes, approval of annual and multi-year plans and budgets, coordination between sectors and promotion of local content, including biofuels.

Angola
Subscriber

Sonangol has extended the bid period for the former Cobalt International Energy blocks 20/11 and 21/09 in the Kwanza Basin. A Sonangol statement on 20 July said the opening period for a data room in Luanda had been extended to 31 August “at the request of several interested companies”. Consequently, the bidding deadline has been extended until 30 September. Companies wishing to submit tenders must send a letter of interest to Sonangol by 31 July.

Angola
Subscriber

President João Lourenço has issued a decree modifying the contract for the construction of the 2,172MW Caculo Cabaça dam with the removal of companies associated with controversial businesswoman Isabel dos Santos. Decree 79/18, dated July 12 and signed by Lourenço, states that the contract must be modified to remove the consortium of China Gezhouba Group Company (CGGC), Niara Holding and Boreal Investment, and give sole rights to CGGC.

Angola
Subscriber

Soco International announced on 2 July that it had entered into a sale and purchase agreement with Quill Trading Corporation and WMLC Resources Limited to sell its shareholding in SOCO Cabinda Limited for up to $5m in cash.Soco’s 85%-owned subsidiary Soco Cabinda holds a 22%, non-operating, working interest in the production-sharing contract for the onshore Cabinda North Block.

Angola
Free

Total E&P Angola has given TechnipFMC a contract for the 40,000 b/d Zinia Phase 2 field development on Block 17, at a water depth between 800 and 1,000 metres. The contract covers the engineering, procurement and construction of subsea equipment including nine subsea tree units as well as wellheads, subsea control systems and connection systems.

Angola
Issue 372 - 29 June 2018

Angola: Eni discovery

Subscriber

Italy’s Eni has announced a new oil discovery on the Kalimba prospect in Block 15/06, estimated to contain 230m-300m barrels of light oil in place. The Kalimba-1 NFW well was drilled by the West Gemini drillship at a site 150km offshore and 50km south-east of the Armada Olombendo floating production, storage and offloading vessel on the block’s East Hub. Drilled in a water depth of 458 metres, the well reached a total depth of 1,901 metres and encountered 23 metres of 33° API oil pay in Upper Miocene sandstones.

Angola
Subscriber

President João Lourenço has signed decrees setting out specific terms to regulate the exploration and production of natural gas and halving tax rates for the development of marginal fields as the new government seeks to maximise earnings from hydrocarbons. The decrees were published in the Official Gazette on 18 May. The gas decree replaces the general principles that previously governed natural gas, under which associated gas had to be made available to Sonangol while non-associated gas could be developed on terms to be negotiated on a case-by-case basis.

Angola
Subscriber

Total on 28 May announced a final investment decision to launch the 40,000 b/d Zinia 2 deep offshore development in Block 17, 150km offshore. Production from Zinia 2 will help maintain output from the Pazflor development, which started up in 2011. Total said Zinia 2 was the first of several possible short-cycle developments on Block 17 that would unlock its full potential by connecting satellite reservoirs to the block’s four existing floating storage, production and offloading (FPSO) vessels.

Angola
Subscriber

Eni announced on 9 May that it had completed the ramp-up of the Ochigufu field on Block 15/06 of Angola’s deep offshore, reaching the production plateau of 24,000 b/d. The field started up on 16 March and allows Eni’s operated production from block 15/06 to stabilise above 150,000 b/d, in line with a goal of adding 54,000 b/d to the block’s production by 2019.

Angola