BP receives authorisation for Greater Plutonio
Posted: 11 February 2004
Sociedade Nacional de Combustveis de Angola (Sonangol), Angola's
state owned oil company, has authorised BP to proceed with the awarding
of major contracts for the development of Greater Plutonio.
The project to develop six fields will be the first development
in Angola's Block 18 and the first BP-operated project in Angola.
The fields Galio, Cromio, Paladio, Plutonio, Cobalto and Platina,
collectively known as Greater Plutonio, are located in water depths
of 1,200 to 1,500 metres.
The development will consist of a single spread-moored floating,
production, storage and offloading (FPSO) vessel linked by risers
to a network of subsea flowlines, manifolds and wells.
Following authorization to proceed, BP has awarded two of the major
contracts for the development.
The contract for engineering, procurement, construction & management
(EPCM) went to Kellogg Brown & Root. The project team will be
based at Kellogg Brown Root's offices in Leatherhead, UK.
The contract to fabricate the FPSO hull and topside equipment was
awarded to Hyundai Heavy Industries. The vessel will be built in
the Ulsan shipyard, Korea.
Contracts for the subsea production system and umbilicals, risers
and flowlines will be awarded in the next few weeks. The integrated
drilling contract will be awarded later in 2004. First production
is targeted for 2007.
Tony Hayward BP's Chief Executive, exploration and production said:
"This is a major milestone for BP in its plans to build a new
profit centre in Angola. BP's net production from Angola will rise
from 50,000 barrels a day in 2004 to approximately 250,000 barrels
a day by 2007."
José Patricio, Executive Vice President, BP Angola stated:
"Approval to proceed with Greater Plutonio will bring substantial,
long term, benefit to Angola, as well developing BP Angola into
an Angolan business run by Angolans. Other national companies will
also benefit through service contracts and local content of construction
contracts. This is also a great opportunity for BP to build a distinctive
company in Angola in line with BP's ethical and environmental standards."
BP has a 50 per cent interest in Block 18, which was acquired by
Amoco in 1996, prior to its merger with BP. The other 50 per cent
is held by Shell. The block has an area of approximately 5,000 sq
km, and water depths vary from 500 metres to 1,600 metres.
BP has licence interests in a number of blocks in Angola. As well
is being operator of Block 18 and Block 31 (26.67 per cent) BP is
also a non operating partner in Blocks 15 (26.67 per cent), Block
17 (16.67 per cent) and Angola LNG (13.64 per cent)
Revenue from oil production will be shared by partners and Sonangol
through a Production Sharing Agreement (PSA)
The six fields, Plutonio, Galio, Paladio, Cromio, Cobalto and Platina,
were all discovered between 1999 and 2001.
For more information see www.bp.com
Posted by Richard Price,
Editor Pipeline Magazine
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