BP EXPLORATION (ANGOLA) LIMITED

BP Exploration (Angola) Limited is a subsidiary of BP p.l.c., a global energy company headquartered in London, United Kingdom. The subsidiary is engaged in the exploration, development, and production of oil and gas resources in Angola, a country in Southern Africa with significant hydrocarbon reserves. Here's an overview of BP Exploration (Angola) Limited:

Key Activities

Exploration and Drilling: BP has been involved in several drilling campaigns in Angola. The company employs advanced seismic technology and drilling techniques to locate and appraise oil and gas reserves.

Production: BP operates several offshore oil fields in deep and ultra-deep waters of Angola. The fields are often complex and demand sophisticated infrastructure and operations.

Partnerships and Joint Ventures: BP frequently collaborates with national oil company Sonangol and other international oil companies to share risk, technology, and capital investment. These alliances often take the form of Production Sharing Agreements (PSAs) or joint ventures.

Infrastructure Development: Significant investments have been made in offshore platforms, floating production, storage and offloading units (FPSOs), and pipelines to transport the extracted hydrocarbons.

Major Projects

BP Exploration (Angola) Limited has been involved in several high-profile projects in Angola, including:

Block 18: The Greater Plutonio development, which started production in 2007, is located in Block 18. It comprises several satellite fields tied back to a central FPSO.

Block 31: Featuring the PSVM development (Plutão, Saturno, Vênus, and Marte fields), which began production in 2012. It is one of BP's most significant projects in the region.

Economic Impact

BP's activities in Angola contribute to local economic development through job creation, local procurement, and training initiatives. The company's investments also generate revenue for the Angolan government through taxes, royalties, and profit-sharing arrangements.

Environmental and Social Stewardship

BP strives to adhere to high standards of environmental and social governance (ESG). Efforts include minimizing the environmental impact of its operations, enhancing oil spill response capabilities, and engaging with local communities to support development projects in health, education, and infrastructure.

Challenges and Risks

Operating in Angola comes with challenges such as:

Political and Regulatory Risk: Navigating the complex regulatory environment and managing relationships with state entities.

Operational Risks: Technical difficulties associated with deep-water drilling and production.

Market Dynamics: Fluctuations in global oil prices can impact the profitability and viability of projects.

Future Outlook

As of my knowledge cutoff date in October 2023, BP remains committed to its operations in Angola, with an eye toward optimizing production from existing assets and exploring new opportunities. The company is also likely to align its strategies with its broader corporate goals of reducing carbon footprints and transitioning toward more sustainable energy solutions.

For the most current information, it would be advisable to consult BP's latest corporate reports or official press releases.

United Kingdom

Chertsey Road
TW15 1SR
United Kingdom

Ships

FPSO PSVM

Ship Type Unit | Flag: Commonwealth of the Bahamas | Port: NASSAU

Maritime News

Ferry Sinks off Bali, Killing Four as 30 Go Missing

3 days ago

Four people died, 30 were missing and 31 survived after a ferry carrying 65 people sank near the Indonesian island of Bali, the country's Search and Rescue agency said on Thursday, as rescuers raced to find victims in the rough sea.The KMP Tunu Pratama Jaya sank almost half an hour after leaving East Java province's Banyuwangi port on its way to Bali late on Wednesday, the agency said on Thursday.The boat was carrying 53 passengers and 12 crew members, as well as 22 vehicles, the agency said.A search for the missing is underway although it is being hampered by strong currents and winds, the agency said, adding it had deployed a helicopter to the location and 13 underwater rescuers.

KIMM Cracks the Code for Underwater Radiated Noise Prediction

4 days ago

Researchers in South Korea at the Korea Institute of Machinery and Materials (KIMM) have reportedly developed a hull-attached sensor-based system for predicting underwater radiated noise (URN), a key factor in naval stealth operations.KIMM Develops First Hull-Attached Sensor System for Predicting Underwater Radiated NoiseNew algorithm predicts underwater noise in real timeBoosts naval stealth and operational efficiencyThe new technology allows real-time monitoring of underwater noise levels generated by naval vessels, enabling early detection of abnormal vibrations and improving operational efficiency while reducing maintenance costs.

ADES' Jack-Up Barge Capsizes off Egypt Killing Four, Three Still Missing

4 days ago

A towing incident has occurred on Saudi oil and gas drilling contractor ADES Holding’s jack-up barge Admarine 12, which capsized offshore Eqypt, killing four people, while three remain missing.The incident occurred on Tuesday, July 1, while the barge was being towed to a new location in Egyptian territorial waters.At the time of the incident, 30 personnel were on board, involving 18 from ADES personnel.According to the latest information, 23 have been safely rescued, while remain missing and subject to intensive ongoing search operations by the relevant authorities.

BHP Signs Charter Contracts with COSCO for Two Ammonia Dual-Fueled Vessels

4 days ago

Australia’s BHP Group has signed contracts with COSCO Shipping Bulk, a subsidiary of COSCO Shipping, for the charter of two ammonia dual-fueled Newcastlemax bulk carriers.The new vessels to be built under the arrangement will be two of only a handful of vessels in the world capable of using ammonia as a marine fuel.The two vessels, expected to be delivered from 2028, will primarily transport iron ore from Western Australia to Northeast Asia.When run on lower or low to zero greenhouse gas (GHG) emissions ammonia, these vessels will be capable of reducing GHG emissions by at least 50% and up to 95% on a per voyage basis compared to a conventionally fueled voyage, according to BHP.

ESG Wins Bid to Build Washington State Hybrid Electric Ferries

4 days ago

Washington Governor Bob Ferguson announced he has selected the $714.5 million bid from Florida-based Eastern Shipbuilding Group to build three new 160-vehicle hybrid-electric ferries. “We’re restoring domestic service to pre-pandemic levels years ahead of schedule, improving crew retention, and soon will bring our first hybrid-electric vessel into service,” Governor Ferguson said. “After careful consideration and conversations with legislative leaders, I believe Eastern is the best option to build these critically important vessels at a fair cost to our taxpayers.