RICH IN OIL Angola has almost $100 billion in oil and gas projects, whether in research or design and construction, as the member of the Organization of the Petroleum Exporting Countries (OPEC) seeks to expand its natural resource opportunities and decrease the dependence on imports.
Integrated oil and gas company Sonangol E&P ($12.3 billion) is investigating four initiatives worth $27.6 billion; the Dutch exploration and production company Eni Angola ($9.3 billion); US-based Quanten Consortium ($ 4 billion) and New Gas Consortium ($ 2 billion).
Similarly, Sonangol has two other $ 10 billion projects and Eni Angola another $ 10 billion project in the FEED pipeline, while BP Exploration Angola ($ 22.6 billion) and Sonangol E&P and PAJ Consortium ($ 11.3 billion each) have more projects in the design phase.
Eni Angola specializes in deep offshore and conventional fields, while Quanten Consortium will establish a 100,000 barrels per day greenfields refinery in Soyo, Zaire province. Quanten will design, build, own and operate the proposed deep conversion refinery.
The New Gas Consortium, which includes Total E&P Angola, will invest in the $2 billion Kivinca Nvemba gas processing plant. The facility will have the capacity to process 400 million cubic feet of natural gas per day.
PAJ Consortium shareholders include BP, Sonangol, Equinor, Sonangol E&P and Sinopec International, and the development company is investing in the $11.3 billion Palas Astraea Juno field. That initiative will install ten wells, water injection and production flowlines, deepwater risers, seabed structures and a 64 km gas export pipeline connected to a subsea link point.
Located off the coast of Luanda, the 1.6 km deepwater facility will recover more than 130 million barrels of oil over its lifetime.