FPSO vessels with subsea well heads are the preferred oilfield development solution in deepwater Angola due to the great water depths, high production volumes and lack of infrastructure.
Block 17 is operated by Total, and our interest is 23.33%. Production from the block currently comprises the Girassol, Jasmim, Dalia and Rosa development areas. The Girassol and Jasmim development areas both produce over the Girassol FPSO. The plateau production level, reached in 2005, was 250 mboe per day. The second FPSO, Dalia, produced at peak level of 240 mboe per day in 2008. Rosa is a tie-back field to the Girassol FPSO. The combined production on the Girassol FPSO has a capacity limit of 280 mboe per day.
The Pazflor project comprises the discoveries Perpetua, Acacia, Zinia and Hortensia. Pazflor was sanctioned in 2007. The FPSO is expected to have a production capacity of 200 mboe per day, with start-up scheduled for 2011.
The installed production capacity on block 17 will be approximately 700 mboe per day once Pazflor starts production.
Work is ongoing to pursue the common development of four additional discoveries, Cravo, Lirio, Orchidea and Violeta (CLOV).
The Gas Export Project (GEP)
Pursuant to the PSA, all surplus gas from the offshore blocks is to be delivered to Sonangol, which owns the gas. Block 17 is progressing on a Gas Export Project that is split into two phases. Phase I, which was sanctioned in 2007, comprises an export line from Block 17 to Block 2 where the gas can be injected through a wellhead platform if Angola LNG (AnLNG) is unavailable for some reason. Phase II includes a 24-inch diameter pipeline from Block 2 to AnLNG, and was sanctioned in July 2008. Costs related to the development will be recovered through the PSAs.
Block 15 is operated by ExxonMobil, and our interest is 13.33%. Production from the block currently comprises five FPSOs for Kizomba A, Kizomba B, Xikomba, Kizomba C-Mondo and Kizomba C-Saxi Batuque. Mondo and Saxi-Batuque came on stream on 1 January and 1 July 2008, respectively.
Kizomba A, which encompasses the Hungo and Chocalho discoveries, commenced production in 2004. Marimba North is a tie-back to the Kizomba A FPSO. The peak production limit on the FPSO was then increased to 270 mboe per day, of which Marimba North produces 35 mboe per day. Kizomba B encompasses the Kissanje and Dikanza discoveries. Kizomba A and Kizomba B came off plateau during 2008. Xikomba is a small, isolated discovery producing from a leased FPSO. The combined Kizomba C production has already reached plateau levels of 200 mboe per day in 2008.
Pursuant to the PSA, all surplus gas from the offshore blocks is to be delivered to Sonangol. The Gas Gathering Project for Block 15 will collect all surplus gas from Kizomba A, B and C, including satellites. The trunkline will connect to the AnLNG pipeline going to AnLNG.
Work is also ongoing to pursue the development of two medium-sized discoveries: Clochas and Mavacola, which are called Kizomba Satellites Phase 1.
Block 31, an ultra-deepwater licence, is operated by BP, and our interest is 13.33%. The common development of the first four discoveries in the northern part of the block, Plutao, Saturno, Venus and Marte (PSVM), was approved by the concessionaire in July 2008. The PSVM will be developed via a new FPSO with a production capacity of 150,000 boe per day.
Work is also ongoing to pursue the development of SE-PAJD (Hub 2), comprising the discoveries Palas, Astraea, Juno and Dione.
Two additional production hubs are expected to be launched in this block.
Block 4/05 is operated by Sonangol P&P, and our interest is 20%. This block includes the Gimboa field, which was sanctioned in 2006. Peak production from the field is expected to be 35 mboe per day and the FPSO is expected to commence production in 2009.
Work is also ongoing to pursue the development of Gimboa Phase 2, two small-sized discoveries, UMC-6 and UMC-7.
