Angop - Agência de Notícias Angola Press

Oil production drops 6% in 2019

Sun, 18 Oct 2020 11:18 - Economy

Luanda - Oil production in Angola carried out in 16 oil concessions decreased 6% in 2019, compared to 2018 period.

  • FPSO Girassol on Angolan offshore

The reduction in production is a result of the natural decline in production in blocks 14, 17, 18, 31, according to the 2019 management report of the National Oil and Gas Agency.

During the period under review, the production for 13 offshore blocks totaled 504.8 million barrels, including 2.4 million barrels of condensate produced at the ALNG factory, with an average daily production of 1.3 million barrels of oil.

There was a decrease of 1.31% which is below the forecast for the year of 1.4 million barrels of oil/day.

The Blocks had at least a 20% decrease in production compared to 2018, and this impact on total production has been minimised with the production of block 32 that started operating  in the 2nd half of 2018.

About 81% of Angola's total production came from deep and ultra-deep waters, with shallow waters accounting for 18% and onshore production for 1%.

Production losses totaled 56. 5 million barrels of oil, with only 37% of these planned losses.

The degree of execution of preventive maintenance of the production facilities of the different blocks in operation stood at around 85%, with operational efficiency maintained at 94%.

In the period under analysis, more than 94,000 meters of development and exploration wells were drilled with costs above 1359 MUSD.

35 development wells have also been completed, of which 18 are production wells, 8 injector wells and 9 exploration wells.

Within that period, 12 drilling wells and the completion of 3 development wells were definitively deactivated.

Seven offshore rigs were active, two onshore, 1 LWIV (Maersk installer), 3 Coiled Tubing, 4 Wireline, 1 Slickline, 1 Comb Unit and 1 Hot Oil Boat.

The LWIV unit carried out interventions in Block 31 and in the same period of 2019, the Coiled Tubing, Wireline, Slickline, Comb Unit and Hot Oil Boa units carried out activities in Block 0.