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Home » Economics » Angola’s Five Largest Oil Fields by Estimated Reserves – Energy Capital & Power

Angola’s Five Largest Oil Fields by Estimated Reserves – Energy Capital & Power

08/12/2022 10:05:10
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Ndungu Field – 1 billion barrels of estimated oil reserves

Having started oil production in February 2022, the Ndungu EP development project located in block 15/06 offshore Angola contains approximately one billion barrels of oil equivalent in place. Operated by Azule Energy – a recent merger between Eni and bp in Angola – the oil field is expected to deliver around 20,000 barrels of oil per day. The field is located approximately 130 km off the Angolan coast and 10 km from the Ngoma floating production, storage and offloading (FPSO) unit.

Agogo Oil Field Development – 1 billion barrels of estimated oil reserves

Currently under development at approximately 1,700m water depth in Block 15/06 offshore Angola, the Agogo oilfield development commenced production in January 2020, nine months after its discovery, and contains approximately one billion barrels of estimated oil reserves. Operated by Azule Energy, the field was discovered 20 km west of the Ngoma FPSO unit, located in the West Hub production area, approximately 180 km off the Angolan coast.

Greater Plutonio development fields – 750 million barrels of estimated oil reserves

Comprising the Galio, Cromio, Paladio, Plutonio and Cobalto fields, the Greater Plutonio development fields are located in water depths of up to 1,600 m, approximately 160 km northwest of Luanda in the concession of the block 18, offshore Angola. Discovered between 1999 and 2001, the development fields, now operated by Azule Energy, contain reserves estimated at 750 million barrels, making it one of the southern African country’s largest assets.

Kaombo Project Oilfield Development Area – 658 million barrels of estimated oil reserves

Located in water depths of up to 1,950m and located approximately 150km off the Angolan coast, the Kaombo Project is the largest ultra-deepwater oilfield development in Angola. Located in offshore Block 31 and operated by supermajor TotalEnergies, the development area includes the development and connection of six satellite fields – the Gengibre, Gindungo, Caril, Canela, Mostarda and Luro oil discoveries – as well as two FPSO facilities, Kaombo North and Kaombo Sul. Spread over an area of ​​about 800 km2the Kaombo project is estimated to contain reserves of approximately 650 million barrels of oil.

CLOV Field Development Area – 505 million barrels of estimated oil reserves

Serving as the fourth production center in Block 17 offshore Angola and located approximately 140 km from Luanda, the CLOV field development area includes the Cravo, Lirio, Orquidea and Violeta fields. Operated by TotalEnergies, production of phase I of the project began in June 2014 at 160,000 barrels of oil per day, while phase II was launched in 2018, targeting an additional 55 million barrels of oil equivalent and reaching a production capacity of 40,000 barrels of oil equivalent in 2022.

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