BP, Sonangol sanction subsea tieback to Angola FPSO
BP and Sonangol have decided to develop the Platina field in block 18 offshore Angola via a subsea tieback to the FPSO Greater Plutonio.
LUANDA, Angola – BP and Sonangol have decided to develop the Platina field in block 18 offshore Angola via a subsea tieback to the FPSOGreater Plutonio.
They also agreed to extend the production license for the BP-operated Greater Plutonio project to 2032, with Sonangol taking an 8% interest in the block.
This will be the second phase of development in the block, with Greater Plutonio starting up in 2007. It will also be BP’s first new operated project in Angola sincePSVM in block 31 entered production in 2013.
Platina, discovered in 1999 in around 1,300 m (4,265 ft) of water, should deliver first oil in late 2021/early 2022. BP anticipates a final investment decision during 2Q 2019.
The license extension will enable later life production from the Greater Plutonio fields, the company added, in addition to future output expected from Platina.
BP and Sonangol also signed a memorandum of understanding to progress discussions on further exploration in blocks 31 and 18; to enter discussions for blocks 46 and 47; and to explore options in block 18/15.