PSVM Complex is a producing conventional oil field located in ultra-deepwater in Angola and is operated by Azule Energy Exploration (Angola). According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Block 31, Saturno Development Area, Venus Development Area, Plutao Development Area, and Marte Development Area, with water depth of 6,628 feet. Buy the profile here.

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Field participation details

The field is owned by BP, China Petrochemical, Eni, Equinor, New Bright International Development and Sonangol EP.

Production from PSVM Complex

The PSVM Complex conventional oil field recovered 59.68% of its total recoverable reserves, with peak production in 2014. Based on economic assumptions, production will continue until the field reaches its economic limit in 2046. The field currently accounts for approximately 5% of the country’s daily output.

About Azule Energy Exploration (Angola)

Azule Energy Exploration (Angola) Ltd, a subsidiary of BP Plc, specialises in the exploration, production, and sale of hydrocarbons. The company is headquartered in Sunbury On Thames, Middlesex, the UK.

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This content was updated on 7 February 2024

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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.

This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.