After an eight-year build-up, onshore oil and natural gas extraction has started in Angola’s Cabinda province at a block operated by Pluspetrol Angola ‒ a subsidiary of Argentinean group Pluspetrol.
Quoting Angolan news agency Angop, Macauhub News Agency reports that in Cabinda, specifically in the area to the south of the provincial capital, Pluspetrol Angola has a 55% stake in an operation licence for the Cabinda Sul block.
Ruben Alvarado, the director of operations at Pluspetrol, said that the group had a lot of experience in onshore oil and had operated in this business across the world, including in the Peruvian Amazon.
By the end of the year the company expects to produce 7,000 barrels of oil per day at 10 active wells, and has a 27km pipeline to carry the oil from the Castanha/Coco field to the Malongo terminal, where the oil export terminal is located.
Alvarado also said that as well as the Castanha/Coco field, there was another project that would focus on producing natural gas to supply the Malembo power plant, which produced electricity for the city of Cabinda and town of Landana.
The Argentinean group has invested US$458 million on prospecting, development and production in this project between 2005 and 2013.
Source: Macauhub News Agency. For more information, click here.