Project Profile
Value: US$400 million
Start-up Year: 2014
Location: Block 16, offshore Angola
Area: 4,900 sq km
Water Depth: 200-1,500 metres
The project will see the proposed development of oil fields in Block 16. The drilling program started October/November 2004. The production was planned to start in 2007. Block 16 covers an area of around 4,900 square kilometres and is situated in water depths of 200-1,500 metres, some 100 kilometres from the coast. The companies will carry out an agreed exploration work programme in the area. The block holds two existing discoveries with proven and probable reserves put at 130m bbl.
Operators:
Maersk Oil: Operator with 65% interest
Sonangol (Sociedade Nacional de Combustiveis de Angola): 20% interest
Odebrecht Oil & Gas Ltd.: 15% interest
Contractors:
Ensco: Drilling semisub Ensco 5001