Maersk eyeing Chissonga sale?

Danish oil company Maersk Oil is looking to farm-out a portion of its Chissonga discovery, offshore Angola.

Chissonga is located in the Block 16, 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.”

 

 

Offshore Energy Today Staff, September 10, 2014

 

 

 

Share this article

Follow Offshore Energy Today

Events>

<< Oct 2019 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

Executive Oil Conference & Expo 2019

Executive Oil Conference and Exhibition is a unique opportunity to meet with all of the region’s…

read more >

Oil & Gas Vietnam 2019

Oil & Gas Vietnam (OGAV) 2019 is the only specialized oil & gas event in Vietnam that brings together an international congregation of both upstream and downstream oil and gas companies and also its supporting industries gathered in the heart of Vietnam’s oil and gas industry in Vung Tau, to showcase the latest developments in the oil and gas industry.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply