Danish oil company Maersk Oil is looking to farm-out a portion of its Chissonga discovery, offshore Angola.
The company is hoping to divest a significant part of its ownership in Chissonga, located in the Block 16, Danish newspaper Jyllands-Posten has reported, citing sources familiar with the matter.
Maersk Oil operates the block with 65% interest. Sonangol P&P holds 20% interest, and Odebrecht Oil and Gas holds 15%.
“We remain committed to developing the Chissonga field and expect a profitable project. Our ownership in Chissonga is high. We will consider reducing our interest when the project has matured further and the timing is right,” a Maersk Oil spokesperson said in an e-mail sent to Offshore Energy Today.
First operated deepwater discovery
The Chissonga field is located in the western part of Block 16, some 130km offshore from the Soyo beach crossing, in a water depth ranging from 1,200 meters to 1,500 metres. It is Maersk Oil’s first operated deepwater discovery.
The first appraisal well was completed in April 2010 and further appraisal wells were drilled in late 2011 and 2012 to define a more accurate resource range in the stacked turbidite and reservoirs.
Chissonga appraisal drilling activity is complete and a field development plan is being matured. Construction of major elements for production is currently planned to be initiated in 2014 and first oil is expected in 2017/2018.
In its quarterly report issued mid-August, Maersk said tender bids were received in Q2 for the major construction parts of the Chissonga project and “are currently being evaluated.”