Receive our newsletter – data, insights and analysis delivered to you
  1. Market Data
November 22, 2021

Platina Conventional Oil Field, Angola

By Carmen

Platina is a conventional oil development located in deepwater in Angola and is operated by Bp Angola (Block 18). Discovered in 1999, Platina lies in block Block 18 PCC Development Area, with water depth of around 4,592 feet.

The project is currently in construction stage and is expected to start commercial production in 2022. Final investment decision (FID) of the project was approved in 2019. The development cost is expected to be $629 m. The Platina conventional oil development will involve the drilling of approximately four wells and includes subsea manifold and subsea trees.

Field participation details

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


Production from Platina

Production from the Platina conventional oil development project is expected to begin in 2022 and is forecast to peak in 2023, to approximately 24,996 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2046.


Remaining recoverable reserves

The field is expected to recover 60.02 Mmboe, comprised of 60.02 Mmbbl of crude oil & condensate.


Contractors involved in the Platina conventional oil field

Some of the key contractors involved in the Platina project as follows.

Main EPC: TechnipFMC

Other Contractors: Sparrows Offshore Group

Content from our partners
Green investment: What gives Scotland multiple advantages
How the North of Tyne region is leveraging its legacy to define its future
Q&A with Chevron Lubricants’ Paul Sly, global industrial OEM specialist, and Nathan Knotts, global brand technical manager

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.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU