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

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 59.45% of its total recoverable reserves, with peak production in 2014. The peak production was approximately 166.13 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2047. The field currently accounts for approximately 5% of the country’s daily output.

Remaining recoverable reserves

The field is expected to recover 275.57 Mmboe, comprised of 275.57 Mmbbl of crude oil & condensate. PSVM Complex conventional oil field reserves accounts 0.06% of total remaining reserves of producing conventional oil fields globally.

About Azule Energy

Azule Energy (Azule) is engaged in oil exploration, oil production and upstream services. Azule is headquartered in Luanda, Angola.

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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.