By Tom Wilson and Candido Mendes (Bloomberg) -- Angola’s oil minister accused neighboring Democratic Republic of Congo’s government of wrecking an agreement to jointly develop offshore oilfields after it failed to respect the terms of the deal. Congo failed to honor a January 2015 accord between Angolan state-owned oil company Sonangol and Congo’s Cohydro on crude … [Read more...]
Mondo South Now Producing via Subsea Tieback Offshore Angola
ExxonMobil has announced this week that oil production has commenced at the Kizomba Satellites Phase 2 project in Block 15 offshore Angola. The company says Phase 2 of this project consists of subsea tiebacks from the Kakocha and Bavuca fields to the Kizomba B FPSO, and the Mondo South fields to the Mondo FPSO. Esso Angola, the operator of the project says Mondo South was … [Read more...]
N’Goma FPSO Achieves First Oil Offshore Angola
Eni announced this week their N'Goma FPSO has commenced oil production from the West Hub Development Project located in deepwater Block 15/16 offshore Angola approximately 350 kilometres northwest of Luanda and 130 kilometres west of Soyo. The company says initial production is at 45,000 barrels of oil per day (bopd) with production ramp-up expected to reach a daily … [Read more...]
After 3-Year Refit, FPSO N’Goma Installation Underway Offshore Angola
She was once the FPSO Xikomba, and prior to that she was known as the tanker Mosocean, and prior still as ESSO Bonn, a crude oil tanker owned by Exxon. As of last week however, she is now the FPSO N'Goma following an extensive refit and upgrade in Singapore, and a subsequent heavy-lift module integration at Paenal shipyard in Angola. On 18 July, Paenal Shipyard hosted a … [Read more...]
Angola Upgrades Port as It Aims to Be Africa’s Busiest Hub
By Colin McClelland and Manuel Soque April 25 (Bloomberg) -- Angola’s main port installed new cranes and provided more training to reduce its cargo unloading time by 80 percent as the government reviews a plan to build Africa’s biggest shipping terminal. Vessel turnaround times at Luanda were cut to an average of three days last year from 16 days in 2008, Alberto Antonio … [Read more...]
Technip and Heerema Win Biggest Subsea Contract Ever
Following Total E&P Angola's $16 billion final investment decision on Monday, Technip and Heerema Marine Contractors have been awarded the largest SURF (subsea, umbilical, riser, flowline) contract ever to develop the Kaombo project located in Block 32 offshore Angola in water depths up to 2,000 meters. The contract is valued at approximately USD $3.5 billion with a … [Read more...]
Total Makes $16 Billion Investment Decision Offshore Angola
Total and its joint venture partners have made the $16 billion final investment decision today to develop the ultra-deepwater Kaombo project offshore Angola. With a production capacity of 230,000 barrels per day, Kaombo will develop estimated reserves of 650 million barrels accordign to Total. Expected start-up is in 2017. “With the launch of Kaombo, the upcoming start-up … [Read more...]