jueves, 18 de julio de 2013

Angola - refinery

Angola has one refinery located on the outskirts of Luanda. It is a topping/reforming refinery, with a distillation capacity of 45,000 barrels per day (2.3 million mt/yr). Construction of the plant by Petrofina began in the late 1950’s, and the refinery was commissioned in 1958. The refinery was originally designed to process bituminous Kwanza crude supplied by pipeline from a small Petrofina operated onshore field south of Luanda, but this field has now been shut in. The refinery now processes other Angolan crudes, mainly Palanca. It produces surpluses of around 600,000mt/yr fuel oil, and, occasionally, naphtha. The export fuel oil is sold by annual tender, and generally ends up as cracking feedstock on the USEC.
The refinery runs at about 70% of capacity, and has recently undergone a modernisation programme that included some capacity expansion, conversion of a unit to an isomerisation unit, and a new control room. Total is on record stating that the maximum crude capacity is now 3 million mt (60,000 b/d), although in 2002 the throughput was only 1.8 million mt. The bitumen unit only operates at around 40% capacity, partly because the quality produced is poor, so some material is imported.
Trafigura, SMB Abidjan, and Sonangol have recently formed a marketing and storage JV to handle bitumen imported from Abidjan.

martes, 16 de julio de 2013

Angola to Produce 2 Million Barrels of Oil a Day by 2015

Angola to Produce 2 Million Barrels of Oil a Day by 2015

Angola, Africa’s biggest oil producer after Nigeria, will produce 2 million barrels of the fuel a day next year or in 2015, meeting a target it had planned to reach in 2013, the country’s oil minister said.
“Based on the data we have, the increase in production to 2 million barrels of oil per day may take place between 2014 and 2015,” Oil Minister Jose Maria Botelho de Vasconcelos said in an interview on the sidelines of a conference in the capital, Luanda, today.
Production this year has averaged 1.751 million barrels a day while reserves are now estimated at 12.777 billion barrels. In April state news agency Angop put reserves at 12.6 billion barrels, citing the minister. Companies operating in the country include Exxon Mobil Corp. (XOM) and Total SA. (FP)
Reserves may increase as the country starts to explore pre-salt reserves in an area stretching 1,100 kilometers (684 miles) that may hold oil under a 2 kilometer-thick layer of salt, similar to that found off the coast of Brazil.
“Recent exploration in pre-salt formations suggests reserves may be larger than initially estimated,” said Ganesh Thakur, a former president of the Society of Petroleum Engineers, at the conference in Luanda.
To contact the reporter on this story: Manuel Soque in Luanda at msoque@bloomberg.net