Ver Angola


Angola drops oil production to 905,000 barrels a day in March

Oil production in the country will drop to less than one million barrels per day in March, which happens for the first time since at least 2008, due to works in the Dalia field, owned by TotalEnergies.


According to the financial information agency Bloomberg, Angola's oil export forecast for March is 905,000 barrels of oil per day, which represents a decrease compared to the 1.05 million daily that are sold for this month, and it also represents the lowest value since Bloomberg began compiling this information in February 2008.

The reduction in oil production and exports is essentially driven by maintenance work at the Dalia well, operated by the French oil company TotalEnergies, which is expected to be operational by March 26.

The production and storage platform off the coast of Angola (FPSO) pumps around 120,000 barrels of oil a day, according to Bloomberg.

Block 17/06 is operated by a consortium led by TotalEnergies, with a 30 percent stake, together with Sonangol P&P (20 percent), SSI (27.5 percent), Somoil (10 percent), ACREP (5 percent) Falcon Oil (5 percent) and PTTEP (2.5 percent).

Situated 150 kilometers off the coast of Angola, in the Lower Congo Basin, and situated in water depths of 600-1,400m, Block 17 is comprised of the operational Girassol-Rosa, Dalia, Pazflor, and CLOV fields, boasting a production of approximately three billion barrels of oil since its discovery, through four floating production storage and offloading units.

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