INTSOK Annual Market Report (2011-2014) ANGOLA

INTSOK Annual Market Report 2010
Main Markets - Angola
Block 32, up to 6 development projects – Total
Block 32 includes 12 discoveries by end 2009. Block 32 is operated by Total (30%
ownership) with partners Sonangol (49%), ExxonMobil (15%), Marathon (10%) and
Galp Energia (5%).
The most advanced development plan has been for the south eastern discoveries
Gindungo, Canela, and Gengibre (GCG), with first oil expected 2016. Original
development plans included a newbuild 200 kbblpd FPSO for GCG, but use of a
converted unit is also reported with Modec conducting a study of HSE implications
from use of a converted vessel.
Additionally, Total has reported a stand-alone development of Gengibre from a 60
kbblpd FPSO. In that case, Gindungo and Canela are likely to be a second
development project. A third project is likely based on the larger Louro field with
possible subsea tieback of Salsa and Mostarda discoveries.
Another 3 development projects could include Manjericao and Colorau; Cominhos
and Alho; and Caril and Cola.
Angola, LNG Soyo under construction, gas exports from 2012 –
Sonangol/Chevron
Angola LNG project objective is to monetize gas from offshore Blocks 0, 1, 2, 14, 15,
17 and 18. Blocks 1 and 2 contain non-associated gas resources, while 0, 12, 14, 15,
17 and 18 are associated gas. Plant location at Soyo is 300 km north of Luanda.
Project is operated by Chevron (36.4% ownership) with partners Sonangol (22.8%),
Total (13.6%), BP (13.6%) and ENI (13.6%). Sonangol reports that more than 10 Tcf
of gas resources are available for the LNG plant with additional resources as new oil
projects are developed.
Final Investment Decision (FID) for the project was made December 2007.
Construction of the LNG plant began 2008 and was reported on schedule during
2009, Chevron estimates the onshore plant development cost will be USD 9 billion.
First LNG shipment is expected by the partners to take place during 2012.
March 2010 Angola LNG’s contractor Acergy/SpieCapag reported successful
installation of the critical Beach Crossing for the 3 offshore pipelines under a USD 550
million contract that is part of the Angola Pipeline Network.
The development concept includes the onshore LNG plant with a capacity of 5.2
million ton per year, with design capacity for 1.1 bcfd of gas. Gas will be gathered
from offshore blocks and then routed to shore via a 250 km pipeline. In addition to the
export of LNG and related gas liquids products, the plant will supply up to 125 Mcfpd
for domestic gas needs in Angola.
Contract awards include advanced engineering and procurement to be carried out by
Bechtel, site preparations to Boskalis/Jan de Nul Dredging. Saipem/Petromar won the
contract for the LNG, propane, butane and condensate storage systems, and
Teekay/NYK/Mitsui won contract to charter 4 LNG carriers to be built by Samsung. In
addition, Sonangol ordered 3 LNG carriers to be constructed by Daewoo.
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