The Angolan state oil company, Sociedade Nacional de Angola Fuels (Sonangol), announced that it will start the main oil production in Mafumeira South project, Block 0 offshore Cabinda, Africa. The area has the capacity to extract 150,000 barrels crude oil per day.
The project also involves the US company Chevron, through the Angolan subsidiary Cabinda Gulf Oil Company, France's Total and Italy's Eni. Sonangol has 41% share in the consortium, while other oil companies have 39.2%, 10% and 9.8%, respectively.
Currently, Angola is the largest oil producer in Africa and exported in January 2017 the value of 158,900 million kwanzas, equivalent to 909 million euros. The country exported in the same month 52,250,079 barrels crude oil at an average price of more than $ 51.
With the operation of oil and gas project Mafumeira South, production in the country will jump to 150,000 barrels per day and 350 million cubic meters of natural gas. According to information, the new field will not need very complex engineering as it is in shallow waters.ACESSE AS REDES DA PANORAMA OFFSHORE: