ACCE is a conventional oil development located in ultra-deepwater in Angola and is operated by Total E&P Angola Block 32. Discovered in 2007, ACCE lies in block Alho Development Area, with water depth of around 5,273 feet.
The project is currently in feasibility stage and is expected to start commercial production in 2023.
Field participation details
The field is owned by Sonangol EP, TotalEnergies, Exxon Mobil, Galp Energia SGPS, China Petrochemical and New Bright International Development.
Production from ACCE
Production from the ACCE conventional oil development project is expected to begin in 2023 and is forecast to peak in 2025, to approximately 30,375 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2057.
Remaining recoverable reserves
The field is expected to recover 109.9 Mmboe, comprised of 109.9 Mmbbl of crude oil & condensate.
Methodology
Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.