SOMOIL BLOCO 17/06 (SU) SA, a wholly owned subsidiary of Sociedade Petrolifera Angolana SA agreed to acquire PTT Exploration and Production Public Co. Ltd.’s (PTTEP) entire 2.5% interest in Block 17/06, 150 km off the Angolan coast in lower Congo basin.
Block 17 is composed of four major zones in water depths of 600-1,400 m.: Girassol-Rosa, Dalia, Pazflor, and CLOV (OGJ Online, Sept. 21, 2022). The field has produced almost 3 billion bbl of oil since 2001 through four floating production, storage, and offloading (FPSO) units.
TotalEnergies is operator at Block 17/06 with 30% interest. Partners are Sonangol P&P (30%), SSI (27.5%), ACREP/Somoil (5%), Falcon Oil (5%), and PTTEP (2.5%).
Alex Procyk | Upstream Editor
Alex Procyk is Upstream Editor at Oil & Gas Journal. He has also served as a principal technical professional at Halliburton and as a completion engineer at ConocoPhillips. He holds a BS in chemistry (1987) from Kent State University and a PhD in chemistry (1992) from Carnegie Mellon University. He is a member of the Society of Petroleum Engineers (SPE).