Project Profile
Value: US$150 million
Location: Cabinda South Block
Start-up Year: 2013
Upstream Oil Reserves: 170 million bbl
The Cabinda South Block is located between the Congo-Brazzaville and the Democratic Republic of Congo. Some oil and gas discoveries and shows were recorded from within the block, despite the pre-1972 wells being drilled on gravity data, surface mapping and old seismic data. Massambala has a 52ft (16m) oil column in the main zone, with around 49ft (15m) of net oil saturated sand with good to excellent qualities. The volumetric calculations, based on the most recent 3D seismic mapping and available well data, suggest the in-place oil resource potential could be in the order of 170m bbl of oil. A second discovery has been made in the block. The Castanha-1 flowed at a rate of 2,275 bopd from a four metre pre-salt interval during initial testing.
Operators:
Pluspetrol Angola Corporation: Operator and 55% interest
Sonangol (Sociedade Nacional de Combustiveis de Angola): 20% interest
Force Technology Norway AS: 20% interest
Cupet (Companhia Cubana de Petroleo): 5% interest
Contractors:
Simmons Drilling Corp.: Drilling contractor
Tecna: Building the project facilities