DELIVERED Esso's TLP Arrives Luanda Destined for Block 15 DYNAMIC
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ANGOLA | OIL | BUSINESS | CULTURE Universo ISSUE 6 SUMMER 2005 I DELIVERED Esso’s TLP arrives Luanda destined for Block 15 I DYNAMIC Sonangol’s years of corporate progress I DISCOVERED Angola’s legendary giant sable is thriving in Malanje Province ISSUE 6 SUMMER 2005 INSIDE SONANGOL S T Another spectacular image that captures the aspira- Defining Moment ANGOLA | OIL | BUSINESS | CULTURE Universo tions of modern Angola was the arrival in Luanda Bay of yet As 2005 gets into its stride, there N another super-structure destined for the offshore oilfields. seem to be many positive indicators for Now in position on Block 15, significant sections of this E Angola – not least the keen interest being state-of-the-art tension leg platform were manufactured by shown in the shape of applications for Sonamet in Lobito. T inward investment. Sonangol itself is in buoyant shape, as demonstrated But perhaps the most dramatic is the by chairman and CEO, Manuel Vicente in his address to N emergence from obscurity of the fabled giant staff on the company’s 29th anniversary, in which he attests sable. This majestic member of the antelope to the manner by which the national oil company has con- family is unique to Angola, but has not been O solidated its position in Africa and throughout the world. seen by human eye for more than 20 years and was thought to Selling oil in the current high-price climate may have brought an be extinct – a victim of the recent hostilities. unexpected windfall, but still calls for very special skills. In the first C But like the people of this nation, palanca negra has of a series on Sonangol’s trading offices we spend the day with proved to be a true survivor, living in serene contentment in the young team in the Commercial Operations Department in 824 Malanje Province. Our first glimpses are inevitably tentative, but Luanda, which supports a worldwide sales network. Universo will be following developments. -- The Editor INSIDE ANGOLA 8. Two of a Kind Sonangol Esso Angola’s now familiar “design one, build two” strategy will Rua 1° Congresso do MPLA, become reality when the first oil is pumped from Kizomba B early 36 N.º 8-16 Caixa Postal 1316, Luanda in the third quarter of 2005 República de Angola Tel: +244 2 391 182 Fax: +244 2 391 782 12. Address by Manuel Vicente Telex: 2089 SONANG AN 40 [email protected] Chairman Manuel Vicente recalls the early days of Sonangol and how the success and prestige of Angola’s premier corporate body Sonangol USA (Sonusa) has been won through determination and teamwork 40. Symbol of Survival 1177 Enclave Parkway Second Floor Prominent on national banknotes, but once feared extinct, Houston,TX 77077 14 the majestic giant sable has achieved almost mythical status USA 14. Local Heroes for the people of Angola Tel: +1 281 920 7600 32 Fax: +1 281 920 7666 Set to spend billions of dollars over the next decade, stakeholders [email protected] in Angola’s oil industry are working on an ambitious project to 32. A Day in the Country 44. Carnival Sonangol UK source products and services from local enterprises 20 Merevale House For Luandans wishing to escape the bustle While inspiration and months of hard work go into winning Brompton Place and pressures of the capital, Bengo Province has so Angola’s carnival prize, the annual parade along Luanda’s London SW3 1QE 20. Sales Aid Marginal is a colourful celebration for the whole city United Kingdom much more to offer than mere pastoral pleasures Tel: +44 207 838 4600 Thanks to its regional sales offices across the world, Sonangol Fax: +44 207 589 9454 offers a 24-hour service to customers, backed by an experienced Telex: 893212 SONANG team in Luanda to ensure that product is delivered on time 36. Inside Track 50. Growing Success Sonangol Asia These days Angola is seen as one of southern Africa’s invest- An imaginative venture is under way which is training young 3 Temasek Avenue 24. Mission Completed ment hotspots. ANIP smoothes the path for entrepreneurs Angolans to develop their county’s fertile lands for the pro- 31-04 Centennial Tower who are eager to have a slice of the action duction of locally-grown fruit and vegetables Singapore 039190 As the Fugro Airborne team make their final surveys of Angola, Tel: : +65 64 16 3583 Fax: +65 64 16 3582 Universo joins them in an atmosphere that seems distinctly remi- Sonangol Department for Communication & Image –– Director: João Rosa Santos; Public & Press Relations Assistant: Cristina de Novaes niscent of a vintage war movie This magazine is produced for Sonangol by Impact Media Global Ltd, 53 Chandos Place, London WC2N 4HS, UK, Tel: +44 20 7812 6400~ Fax: +44 20 7812 6413 Publisher: John Charles Gasser; Vice President: Sheila O’Callaghan; Editor: Peter Moeller; Sub-editor: Ron Gribble; Art Director: Lisa Pampillonia; Advertising Design: Bernd Wojtczack; Circulation Manager: Tony Adkins; Contributors: Bruce McMichael Cover Photo: Esso Angola’s TLP prepares to leave for Block 15 / PMP Global All rights reserved. No part of this work may be reproduced or transmitted in any form or by any means, electronic or mechanical without prior permission in writing from the publishers. [email protected] 4 SONANGOL UNIVERSO news in brief First oil from ExxonMobil’s C O R off Angola is B Great Expectations Sanha-tized Burning Issue I Kizomba B project S expected months ahead of schedule in the third quarter of 2005. Oil Anticipation of further oil discover- The first barrels of condensate, a valuable Angola is one of the world’s leading par- production from sister project, ies is building around the future of two light oil have flowed from the ChevronTexaco- ticipants seeking effective ways of utilising flared Kizomba A, the largest deepwater of Angola’s ultra-deep offshore blocks, operated Sanha field lying in Block 0, offshore gas produced as a by-product of oil production. development offshore West Africa, 31 and 32. Malongo, Cabinda Province. The issue of flared gas across the world’s major started in mid-2004. Kizomba B will The increasingly prolific Block 31 Commenting on first production, Jim hydrocarbon areas is being tackled voluntarily develop the Kissanje and Dikanza has already provided Sonangol and Blackwell, managing director of ChevronTexaco’s through environmentally-based legislation. discoveries. Planning and design operator BP with six new field discover- Southern Africa Strategic Business Unit, says: “The Preliminary front-end engineering design work is underway for the proposed ies, the latest being named Ceres-1. The Sanha project alone will eliminate routine flaring in studies for the Soyo-based Angola LNG proj- Kizomba C project. [see Page 8] well is the sixth discovery BP has drilled Area B (one of three designated zones in the ect, the joint venture between Sonangol and in the block, and follows Plutaão, block), reducing overall gas flaring on the entire ChevronTexaco, have begun following agree- Saturno, Marte, Venus and Palas. block by some 50 per cent. ment over a wide range of complex issues Angola’s new Oil Activity Ceres-1 was drilled 32kms south “The project will help produce and conserve including gas supply and a working corporate Tax, which aims to harmonise the country’s complex mixture of taxa- east of the Plutaão discovery and 31kms gas for the future, and we think it will set the stan- structure. Gas exports are expected to start in tion regimes, has come into force. north east of the Palas discovery announced earlier in 2005. Spudded by the semi-submersible Leiv dard for environmental conservation efforts by 2007. The facility will take gas that was previ- The new regime creates a single tax Eiriksson, in 1,633m water depth some 360kms north west of Luanda, the discovery well reached a total energy companies in Angola.” ously flared from offshore blocks 1, 2, 3, 4, 15, to simplify processes enabling depth of 4,334m below sea level and tested at 5,844 bpd. Production from Sanha, which includes crude 16, 17, and 18. national and international compa- Both blocks are currently the focus of intense field development planning as the partners seek the oil from the nearby Bomboco field, is expected to Angola LNG is planned as an integrated nies to develop the country’s best way to bring the fields to production. Engineering and design studies are ongoing and are likely to reach its average yearly peak of 100,000 bpd of gas utilisation project combining modern off- energy sector. A wide range of eco- last into 2006. oil, condensate and liquefied petroleum gas (LPG) shore and onshore operations to nomic issues, including production US company Marathon holds an interest in both blocks and estimates that together they hold more by 2007. LPG production is scheduled to com- commercialise gas resources by reducing the sharing contracts, have now been than 1.2 billion barrels of oil. Other partners include Exxon (25 per cent), Statoil (13.3 per cent) and mence in mid-2005 when a unique 32,000 bpd gas flaring from several offshore blocks. simplified. Total (5 per cent). LPG FPSO becomes operational. Commenting on the agreement, Sonangol ChevronTexaco and its partners in Block 0, chairman, Manuel Vicente, says: “The LNG Angola has recently taken the including Sonangol and Total, are planning to Project is critical to Angola’s objectives of chairmanship of the prestigious invest nearly $4 billion in the block over the next expanding the petroleum sector.” China Syndrome few years. African Petroleum Producing Association.