+27 71 448 3496
leon@whyafrica.co.za

Angola aims to stabilise oil production

Share Article
Several notable exploration, development and production (E&P) projects are in progress and awaiting Final Investment Decision (FID) which will serve to maximise Angola’s existing hydrocarbon resources, optimise existing facilities and subsea infrastructure and enable cost reductions. Image credit: Energy Capital & Power

Angola aims to stabilise oil production

With crude oil production on the rise – increasing by more than 580,000 barrels month-on-month from December 2022 to January 2023, Angola is aiming to stabilise its output at about 1.3 million barrels per day (bpd) in the next three years.

Several notable exploration, development and production (E&P) projects are in progress and awaiting Final Investment Decision (FID) which will serve to maximise Angola’s existing hydrocarbon resources, optimise existing facilities and subsea infrastructure and enable cost reductions.

Quiluma and Maboqueiro gas project (Angola aims to stabilise oil production)

In an effort to drive upstream gas exploration and monetisation, Angola’s New Gas Consortium (NGC) – comprising Chevron, Azule Energy, TotalEnergies and Sonangol – reached FID on the Quiluma and Maboqueiro (Q&M) gas project last August, together with the National Agency of Oil, Gas and Biofuels (ANPG) (https://apo-opa.info/3OD088H).

The project consists of two offshore wellhead platforms, an onshore gas processing plant and a connection to the Angola LNG plant and has so far awarded Engineering, procurement and construction (EPC) contracts to Saipem for the onshore plant and Quiluma platform; JV Gruppo Antonini/Proger/Kerry Logistics for the Maboqueiro platform; and Baker Huges for the supply of turbo compressors.

First gas – planned for 2026 – will play a critical role in advancing Angola’s gas-focused agenda and its exploration and development of non-associated gas.

Agogo oil field development (Angola aims to stabilise oil production)

Azule Energy is undertaking expanded work on its ultra-deepwater Agogo oil field development in Block 15/06, with FID set to take place this year and preliminary works already started.

The project involves 36 new wells, including 21 producers and 15 injectors, and a converted FPSO vessel with a production capacity of 120,000 barrels per day (bpd).

Azule Energy has already awarded USD7.8-billion in contracts (https://apo-opa.info/3OIWMBa), enlisting the services of Yinson Production to operate and maintain the FPSO vessel; TechnipFMC to supply flexible piping; Baker Hughes to provide subsea equipment and services; Aker Solutions to provide dynamic and static subsea umbilicals; and Subsea 7 to transport and install risers, flowlines and subsea structures.

Upon completion, the Agogo Integrated West Hub will carry a peak production of 175,000 barrels per day through the new Agogo FPSO unit and the existing Ngoma FPSO, which came online in 2020.

Begonia oil field development (Angola aims to stabilise oil production)

Last July, TotalEnergies (https://apo-opa.info/3WCUpll) announced a three-billion-dollar FID on the Begonia oil field development in Block 17/06, which will be commissioned in late-2024 and will add about 30,000 barrels of crude oil per day to existing production.

Located in water depths of up to 750m, Begonia consists of five wells tied back to the existing Pazflor FPSO in adjacent Block 17. The initial investment has been estimated at USD850-million and 1.3 million man-hours of work – 70% of which will be carried out in Angola.

CLOV Phase 3 (Angola aims to stabilise oil production)

Favouring short-cycle development projects, TotalEnergies and ANPG announced plans last June to invest USD850-million to further develop the CLOV Phase 3 Project located in Block 17, which will expand production in existing fields by 30,000 bpd.

With five new wells, the project represents an extension of the subsea production network and its interconnection to the existing CLOV FPSO,as well as the first development to leverage standardisation of subsea equipment in the block, bringing significant cost reductions of up to 20%.

With production anticipated for 2024, CLOV Phase 3 will require two million man-hours of work, of which 1.5 million will be executed locally in Lobito and Luanda.

Cameia-Golfinho Development

One of Angola’s most promising deepwater prospects is TotalEnergies’ Cameia-Golfinho deepwater development in Block 20/11 and Block 21/09, estimated to hold 420 million barrels of oil equivalent.

The French major has already issued a tender for a new 100,000-bpd FPSO facility to service the Golfinho field – which is one of seven deepwater discoveries made in Blocks 20/11 and 21/09. FID is expected in June, pending government approval of the field development plan and startup is scheduled for 2027.

The 2023 edition of the Angola Oil & Gas (AOG) conference and exhibition (https://apo-opa.info/3yWXf9D) – organised by Energy Capital & Power (www.EnergyCapitalPower.com)  – will feature high-level panel discussions and meetings as well as exclusive networking forums showcasing investment and partnership opportunities within the country’s oil and gas sector.

Scheduled for 13 – 14 September in Luanda, AOG 2023 will unite Angolan energy policymakers and stakeholders with global investors to discuss and optimise the country’s energy future.

Source: Energy Capital & Power

Angola aims to stabilise oil production 

WhyAfrica provides on the ground information and business intelligence about the sustainable utilisation and extraction of natural resources in Africa, and can assist your company through:  

  1. Membership:
  • WhyAfrica’s membership offers great business insights to you, your company, and clients.
  • Amongst many other benefits, we will publish editorial content about you or your company on the WhyAfrica online platform and on all WhyAfrica’s social media pages – the annual fee is R5,500 and you can find out more or subscribe here: https://www.whyafrica.co.za/product/membership/ 
  1. Sponsorship:
  • WhyAfrica’s annual 45-day African Road Trip takes place in July and August. We will visit more than 30 project sites and this year we plan to visit the Limpopo Province of South Africa, Zimbabwe or Botswana, Zambia, Malawi, Tanzania, and Kenya. Sponsoring the Road Trip, or to be a WhyAfrica member, gives you unparalleled insight into the business environment of the countries that we travel to and the project sites we visit.
  • To be a member or sponsor allows you access to invaluable, on the ground, business intelligence and a great marketing opportunity for all companies doing business in Africa.
  • The main aim of our Road Trips is to promote Africa as an investment destination and to showcase Africa’s greatest companies, and projects to our large global audience, which includes a list of potential investors, venture capitalists and serial entrepreneurs.
  • To view the photos of last year’s Southern Africa Road Trip click on the gallery link or follow our Instagram account at why.africa https://www.whyafrica.co.za/road-trips/whyafrica-road-trips/. 
  1. Advertising:
  • We publish daily online articles on our WhyAfrica platform and post them on social media every day. Our combined online reach is more than 45,000. In-article banner ads are highly successful advertising tools as is advertising space on our website.
  • In addition to our bi-weekly newsletters, we publish two printed- and two interactive digital magazines per year. The printed magazines are distributed at major events and conferences throughout the year, and also on our WhyAfrica Road trips.
  • Digital magazines are e-mailed to all our subscribers and shared on our social media platforms. A copy of the latest edition is automatically attached to all our outgoing e-mails.
  • WhyAfrica magazines provide great marketing opportunities. There are also in-article and on-line advertising opportunities at exceptional rates. Contact me for more information on leon@whyafrica.co.za or give me a call.
  • To subscribe to WhyAfrica’s free newsletters and magazines click on the link and register: https://www.whyafrica.co.za/subscribe/  
  1. 4. Partnerships
  • Maximise your African exposure and link with our large business network through becoming one of only 10 WhyAfrica partners. We have only five prime partnership positions left for 2023, so contact me at leon@whyafrica.co.za before the end of March to get the best deal. 

Angola aims to stabilise oil production

 

Share Article

Sectors

AgricultureEnvironmental Management & Climate ChangeEnergyESGInfrastructureMiningPolitical EconomyTourism and ConservationWater Management