Angola’s success dwarfed by problems – Oil Country Hot Line – Brief Article
One must agree with industry experts, who claim that Angola is the North Sea of the South, especially when considering that TotalFinalElf’s Girassol field will reach 200,000 bopd by mid-2002. ExxonMobil’s 250,000-bpd Kizomba, BP’s Greater Plutonio and Chevron Texaco’s Benguela/Belize developments are also scheduled to come onstream in 2004. However, companies are concerned by recent exploration results in the Kwanza basin, a large offshore province which, after a year of deepwater drilling, has yet to produce a viable oilfield. Also, Block 31 in the ultra-deep zone raised eyebrows when BP’s drilling efforts turned up dry.
COPYRIGHT 2002 Gulf Publishing Co.
COPYRIGHT 2002 Gale Group