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ANGOLA THE OIL INDUSTRY

ANGOLA THE OIL INDUSTRY MINISTRY OF PETROLEUM ANGOLA - THE OIL INDUSTRY Outline Introduction Exploration Oil Production Field Development The Future MINISTRY OF PETROLEUM ANGOLA – THE OIL INDUSTRY Introduction Angolan Continental Margin Three major sedimentary basins

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ANGOLA THE OIL INDUSTRY

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  1. ANGOLA THE OIL INDUSTRY

  2. MINISTRY OF PETROLEUM ANGOLA - THE OIL INDUSTRY Outline • Introduction • Exploration • Oil Production • Field Development • The Future

  3. MINISTRY OF PETROLEUM ANGOLA – THE OIL INDUSTRY Introduction • Angolan Continental Margin • Three major sedimentary basins • Different exploration history Lower Congo Basin Kwanza Basin Namibe Basin

  4. MINISTRY OF PETROLEUM ANGOLA – THE OIL INDUSTRY • ANGOLAN OFFSHORECONCESSIONS • 35 Concessions Blocks • 17 Awarded (6 shallow-water; 7 deep- water • and 4 ultra-deepwater) • 7 Relinquished; 11 Open • To Be Divided: Ultra-Deepwater West Area of • Lower Congo Basin and the Ultra-Deep Water of Kwanza and Namibe Basins

  5. MINISTRY OF PETROLEUM ANGOLA – THE OIL INDUSTRY EXPLORATION Exploration History (1) • 1910 – Hydrocarbon exploration start up • 1955 – First onshore commercial discovery (Kwanza basin: Benfica field) • 1966 – First offshore commercial discovery (Lower Congo basin: Limba field) • 1993 – Deepwater exploration start up • 1996 – First deepwater commercial discovery (Lower Congo basin: Girassol field) • 1999 – Ultra-deepwater exploration start up • 2002 – First ultra-deep water commercial discovery (Lower-Congo basin: Plutão field)

  6. MINISTRY OF PETROLEUM ANGOLA – THE OIL INDUSTRY Exploration History (2) Lower Congo Basin 1993 – Deep-water drilling exploration start up 1996 – 2003 - 55 commercial discoveries (Blocks 14, 15, 17 and 18) - High exploration success rate 2001- Ultra-deep water drilling exploration start up • 8 discoveries . Block 31 (4) . Block 32 (3) . Block 33 (1) • Exploration activity underway

  7. MINISTRY OF PETROLEUM ANGOLA – THE OIL INDUSTRY Exploration History (3) Kwanza Basin 1996 - Exploration drilling start up • 1 sub-commercial discovery (Semba-1/ block 24) • Blocks 19, 20, 21, 22 and 25 abandoned • Block 24 remains under exploration

  8. MINISTRY OF PETROLEUM ANGOLA – THE OIL INDUSTRY OIL PRODUCTION (1) Block 0 Block 14 Onshore L.Congo Block 15 Block 2 Block 17 Block 3

  9. MINISTRY OF PETROLEUM ANGOLA – THE OIL INDUSTRY OILPRODUCTION (2) • Country Oil Production History • 1975: ~175,000 b/d - Current oil output: over 1,000,000 b/d Associated Gas Production • ~1.2 bcf/d • ~60% flared • Remaining is re-injected/gas lift/LPG extraction

  10. MINISTRY OF PETROLEUM ANGOLA – THE OIL INDUSTRY MAJORDEVEL. PROJECTS (1) • Block 0 • Sanha Condensate Project • Recovering of oil , condensate • and LPG and reinjection of lean gas - Start Up: 2004

  11. MINISTRY OF PETROLEUM ANGOLA – THE OIL INDUSTRY Tomboco Benguela Belize LobitoCentral • Block 14Benguela/Belize/Lobito/Tomboco • Cluster • Phased Approach • Phase 1: Benguela/Belize • Phase 2: Lobito/Tomboco • First Oil: 2005 MAJORDEVEL. PROJECTS (2)

  12. MINISTRY OF PETROLEUM ANGOLA – THE OIL INDUSTRY MAJOR DEVEL. PROJECTS (3) • Block15 • Kizomba A • Cluster (Hungo & Chocalho) • Plateau production: 250,000 b/d • On stream since August-04 • Kizomba B • Cluster (Dikanza & Kissanje) • Plateau production: 250,000 b/d • First oil: 2005

  13. MINISTRY OF PETROLEUM ANGOLA – THE OIL INDUSTRY MAJOR DEVEL. PROJECTS (4) • Block 17 • Rosa/Lirio/Cravo • Dália (stand alone dev.) • - Start Up: 2006 • - Prod. Plateau: 225 000 b/d

  14. MINISTRY OF PETROLEUM ANGOLA – THE OIL INDUSTRY DÁLIA – DEVEL. CONCEPT (Block 17) • Water Depth = 1400 m • 67 wells • Oil 23 ºAPI • FPSO • Storage Capac. = 2 MMbbl • Rate =240 Mbopd • Local Content: 17% (Facilities)

  15. MINISTRY OF PETROLEUM ANGOLA – THE OIL INDUSTRY • Block 18 • Great Plutónio • Plutonio/Cobalto/Galio/Cromio/Paladio • Production plateau: 200,000 b/d • First oil: 2006 • Block 15 • Kizomba C • Mondo • Batuque/Saxi MAJOR DEVEL. PROJECTS (5)

  16. MINISTRY OF PETROLEUM ANGOLA – THE OIL INDUSTRY GAS PRODUCTION Along With Oil Production, Around ~1.2 BSCFD of Associated Gas Is Produced of Which, ~ 60% Is Flared. Flaring of Associated Gas Represents a Significant Economic Loss and Combustion Products Make a Major Contribution to Environment Damage. A Major Project Will Be Implemented to Reverse the Current Situation:

  17. MINISTRY OF PETROLEUM ANGOLA – THE OIL INDUSTRY ANGOLA LNG PROJECT LNG Plant Location Plant Capacity: 5 MMTPY Start Up: 2009 (Planned Ammonia/Urea Plant) BLOCK 2 CENTRAL GAS GATHERING HUB

  18. MINISTRY OF PETROLEUM ANGOLA – THE OIL INDUSTRY The ALNG Project will: • Facilitate fields development without flaring of the associated gas • Generate revenues from a resource that used to be considered as a by-product in petroleum operations • Allow Sonangol to enter to a new business area • Be an anchor project for future opportunities in gas utilization and industrial development • Generate new jobs opportunities for nationals

  19. MINISTRY OF PETROLEUM ANGOLA – THE OIL INDUSTRY NEW REFINARY PROJECT • The Project - World scale project - 200 000 bpd processing capacity ( heavy oil from Kuito and Dália fields) (Remark: The utilization of this kind of crude enhances project profitability) - High quality products to meet external market specification (incl. Europe and USA)

  20. MINISTRY OF PETROLEUM ANGOLA – THE OIL INDUSTRY • The Out Come From The Peace • Exploration and production activities • resumed in onshore areas: • . Lower Congo and Kwanza basins • . Onshore Kwanza divided – 23 Blocks • . Extended to interior basins of Kassanje, • Etosha and Okawango

  21. MINISTRY OF PETROLEUM ANGOLA – THE OIL INDUSTRY KWANZA ONSHORE: - 23 CONCESSIONS BLOCKS (AREA: 1 024 KM2 EACH)

  22. MINISTRY OF PETROLEUM ANGOLA – THE OIL INDUSTRY THE FUTURE • Continue the Exploration Activities in Both Offshore and Onshore Including the Interior Basins to Better Understand the Oil Potential and Guarantee the Replacement of Reserves Being Produced. • Secure the Huge Investment Required to Bring on Stream the Remaining Discoveries Awaiting for Development.

  23. MINISTRY OF PETROLEUM ANGOLA – THE OIL INDUSTRY • Increase the Local Content in the Oil Sector and Secure the Employment of Nationals. • Take Advantage of Post-War Era and Apply the Revenues Generated by the Oil Sector to Develop Other Sectors. • Reach the Production Milestone of 2,000,000 b/d in 2008

  24. Thank You Obrigado O Pensador/The Deep Thinker

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