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  1. Market Data
May 6, 2022

Block 2/05 Conventional Oil Field, Angola

By Carmen

Block 2/05 is a producing conventional oil field located in shallow water in Angola and is operated by Sociedade Petrolifera Angolana. The field is located in block Block 2, with water depth of 66 feet.

Field participation details

The field is owned by Sociedade Petrolifera Angolana, Falcon Oil Holding, Kotoil, Poliedro Oil and Acrep – Exploracao Petrolifera.


Production from Block 2/05

The Block 2/05 conventional oil field recovered 90.38% of its total recoverable reserves, with peak production in 2010. The peak production was approximately 12.95 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2027.


Remaining recoverable reserves

The field is expected to recover 3.02 Mmboe, comprised of 3.02 Mmbbl of crude oil & condensate.


About Sociedade Petrolifera Angolana

Sociedade Petrolifera Angolana SA (Somoil) is an energy company. The company’s activities include exploration, production, crude oil marketing, distribution of derivatives, technical consultancy, and renewable energy. Its renewable energy projects include Camocci Literacy Center, Kungo School, Luquembo School, Somoil Sede, and others. Somoil conducts 2D and 3D seismic acquisition campaign to improve the structural image of oil fields in production and adjacent areas. The company also provides technical assistance to the Interstate Body for the coordination of oil activity in the Unitization Zone 14K/A-IMI from the Lianzi project in Block-14. Somoil is headquartered in Luanda, Angola.

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.

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