BP operated Block 18 in Angola offshore reaches production of 600 million barrels of oil
09-10-2020 08:04:21 | by: Bob Koigi | hits: 5392 | Tags:

Accumulated oil production at the FPSO Grande Plutónio in Block 18, in the deep waters of the Angolan offshore, operated by the multinational BP, has reached 600 million barrels in the last few days, 13 years after it started operating.

According to the National Oil and Gas Agency, this milestone in the first block operated by BP in the country was achieved over 13 years of activity, despite the challenges of the current business environment imposed by the pandemic of COVID-19 and restrictions on it related.

BP guarantees that, despite the related restrictions, it was still possible to maintain excellent levels of operational efficiency in the first half of 2020, achieving production above the plan, as well as improving the performance of the water injection system to ensure greater stability in production future, in order to continue reducing gas flaring, which allowed the FPSO to win the inaugural low carbon emissions premium from BP (Helios) in 2019.

For the senior vice president of BP Angola, Adriano Bastos, mentioned in the press release, the achievement of this milestone is the result of maintaining the mentality of teamwork, not only within BP, but also in collaboration with the National Concessionaire (ANPG) ), Sinopec Angola and other partners.

"I am confident that the resilience of our team in the country will continue to add value to Angola and BP," said Adriano Bastos.

In addition to Block 18, BP Angola is the operator of Block 31 and has non-operating interests in blocks 15, 17 and 20 as well as in the Angola LNG production unit in Soyo. 

BP has been in Angola since the 1970s and in the 1990s acquired interests in four deepwater maritime blocks, located about 200 kilometers northwest of Luanda

 BP is one of the largest foreign investors in Angola, having invested over US $ 30 billion by the end of 2018.

In the context of global BP, BP Angola is one of BP's fundamental hydrocarbon exploration and development centers and a key element of the BP group's activity in deepwater exploration and production.