Angola could overtake Nigeria as Africa's biggest oil producer by 2017, with a US government report saying output could jump to around 2.8 million b/d by then if new projects come online.
Angola's oil production has been stagnant at around 1.7 million b/d in recent years, largely as a result of technical problems at some of the fields, the Energy Intelligence Agency said in a report this week.
The persistent technical problems related to water injection systems, gas cooling and FPSO units associated with some projects have resulted in lengthy maintenance work and supply disruptions at some of the fields, the EIA said.
Rapid reservoir depletion has also resulted in steep decline rates at some fields.
| Nigeria's Petroleum minister, Madueke |
The main obstacles to Nigeria's industry growth are uncertainties over industry reforms and pervasive crude oil theft, known as bunkering.
The country's central bank last week said bunkering costs the country a staggering $6.5 billion-$12 billion/year on an oil price of $100/barrel.
In Angola, Total's Clov development in block 17 is expected to start up in the second half of 2014, eventually peaking at 60,000 b/d in 2015.
The FPSO could potentially host production from the future Kaombo field, for which a final investment decision will be taken this year. Kaombo, located in block 32, is scheduled to start in mid-2017 and peak at 200,000 b/d.
State-owned Sonangol hopes the $10 billion Clov project will help Angola reach its production target of 2 million b/d in 2015 and rival Nigeria as the continent's leading oil producer.
Eni forecasts that its West Hub project, which would be the first production in the Italian major's operated block 15/06, will start in 2014 and peak at 80,000 b/d. Total, which is partner in the block, said Tuesday it
planned to sell its 15% stake in the block to Sonangol in a deal worth $750 million to focus on future developments such as Kaombo.
The EIA said Chevron had two projects scheduled to come online in 2015, the Mafumeira Sul and the Lianzi field. Mafumeria Sud in block O is expected to peak at 120,000 boe/d in 2015 with associated gas slated to supply Angola's sole LNG plant in Soyo where Chevron is a partner with BP, Eni and Total. Chevron's Lianzi field in block 14 is slated to produce a maximum of 46,000 boe/d in 2015.
ExxonMobil and its partners at block 15 plan to expand the Kizomba area with the development of Kizomba Satellites Phase II project, which is scheduled to start in 2016 and peak at 125,000 b/d.
Further out, Chevron's Negage and the Lucapa fields near the Lianzi field in block 14 are also expected on line in 2016 with a production of combined production of 175,000 b/d, the EIA said.
BP has a presence in blocks 15, 17, 18 and 31 hopes to develop a cluster of fields in the southeast area of ultra deepwater block 31, which includes ten fields including the Palas, Ceres, Terra Miranda and Portia fields.
State-owned Sonangol hopes the $10 billion Clov project will help Angola reach its production target of 2 million b/d in 2015 and rival Nigeria as the continent's leading oil producer.
Eni forecasts that its West Hub project, which would be the first production in the Italian major's operated block 15/06, will start in 2014 and peak at 80,000 b/d. Total, which is partner in the block, said Tuesday it
planned to sell its 15% stake in the block to Sonangol in a deal worth $750 million to focus on future developments such as Kaombo.
The EIA said Chevron had two projects scheduled to come online in 2015, the Mafumeira Sul and the Lianzi field. Mafumeria Sud in block O is expected to peak at 120,000 boe/d in 2015 with associated gas slated to supply Angola's sole LNG plant in Soyo where Chevron is a partner with BP, Eni and Total. Chevron's Lianzi field in block 14 is slated to produce a maximum of 46,000 boe/d in 2015.
ExxonMobil and its partners at block 15 plan to expand the Kizomba area with the development of Kizomba Satellites Phase II project, which is scheduled to start in 2016 and peak at 125,000 b/d.
Further out, Chevron's Negage and the Lucapa fields near the Lianzi field in block 14 are also expected on line in 2016 with a production of combined production of 175,000 b/d, the EIA said.
BP has a presence in blocks 15, 17, 18 and 31 hopes to develop a cluster of fields in the southeast area of ultra deepwater block 31, which includes ten fields including the Palas, Ceres, Terra Miranda and Portia fields.
The EIA said first production is expected in 2016 or early 2017 at 200,000 b/d.
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