Global Subsea Processing Market by Component 2003-2017

Global Subsea Processing Market by Component 2003-2017

Expenditure on subsea processing systems is increasing rapidly and is expected to total some $5.1 billion over the 2008-2017 period. The prospect of improved recovery and production is driving operator uptake. so much so that in 2009 we could see as many seabed pumps installed as were installed in total over the 2003-2007 period. Full text

BP discover again in ultra-deepwater Portia

2008.02.01 - Subsea Headlines

Sociedade Nacional de Combustíveis de Angola (Sonangol EP) and BP Exploration (Angola) Limited today announced the Portia oil discovery in ultra-deepwater Block 31, offshore Angola. Portia is the fifteenth discovery that BP has drilled in Block 31. The well is located approximately 7 kilometres to the north of the Titania discovery and 10.5 km south west of the Plutao field.
Portia was drilled in a water depth of 2,012 metres, some 386 km northwest of Luanda and reached a total depth of 5,678 metres TVD below sea level. This is the fourth discovery in Block 31 where the exploration well has been drilled through salt to access the oil bearing sandstone reservoir beneath.
The well test results confirmed the capacity of the reservoir to flow in excess of 5,000 barrels per day under production conditions.
Sonangol is the concessionaire of Block 31. BP Exploration (Angola) Limited as Operator holds 26.67 percent. The other interest owners in Block 31 are Esso Exploration and Production Angola (Block 31) Limited (25 percent), Sonangol EP (20 percent), Statoil Angola A.S. (13.33 percent), Marathon International Petroleum Angola Block 31 Limited (10 percent) and TEPA (BLOCK 31) LIMITED, (a subsidiary of the Total Group) with 5 percent.




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