Petroleum Africa
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Monday, April 18, 2016
Despite the state that the oil industry has been in for the past year or so and the fact that a number of E&P firms are putting the brakes on spending, Angola saw its production flows increase in 2015. According to Sonangol, the national oil and gas company, Angola saw a 6% increase in gross production of oil in 2015 as compared to its production flows in 2014.
The additional flows added over 2015 are attributed to new fields coming onstream such as the Lianzi on Block 14 which saw first production in November 2015. Angola also saw added production in 2015 from the Kizaomba Satellites Phase 2 coming online in May of last year on Block 15 and .Dalia Phase 1A on Block 17 in July 2015.
The state-run entity reported on Public TV that it could very well add a significant amount to its reserve base with oil and gas discovered in the Kwanza and Congo basins. Sonangol said the reserves discovered could total 2.2 billion boe.
According to a statement from the company Block 24, operated by BP, holds an estimated 280 million barrels of condensate and 8 Tcf, totaling 1.7 billion boe. Sonangol’s Block 20 also contains commercially viable resources which the company estimates at 139 million barrels of condensate and 2.5 Tcf of gas, or 570 million boe.
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