Angola Press Agency (Luanda)

Angola: Pluto Field's Block 31 Starts Production

31 January 2013

Luanda — The Angola Oil Company (Sonangol E.P) and BP Exploration (Angola) Limited Thursday in Luanda announced the start of production in the Angolan offshore Block 31 PSVM (Pluto, Saturn, Venus and Mars) Project.

The information is contained in a Sonangol E.P press release that reached Angop in Luanda.

According to the source, "production in this starting phase comes from three wells of Pluto field, expecting to reach a level of production of 70,000 barrels a day."

The PSVM development point, the note reads, will reach the maximum production of 150,000 barrels a day, with the start of production in the remainder Saturn and Venus fields in 2013 and Mars in 2014.

The PSVM production is made through the converted Floating Production Storage and Offloading (FPSO) unit, with a storage capacity of 1.6 million barrels of crude oil, the first of its kind operating in Angola's ultra deepwater, the note says.

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