PSVM Oil Field

Summary Information

• Operator: BP
• Country: Angola
• Location: Block 31
• Production start: 2013
• Partners: BP - 26.67%, Esso - 25%, Sonangol - 20%, Equinor - 13.33%, Marathon - 10%, and TEPA - 5%
• Type: Oil / Gas
• Estimated Reserves:
• Production Volume:

+++ Description

• PSVM is located in NE of Block 31 in 2,000 meters of water. The development is named after four fields Plutao, Saturno, Venus and Marte. Recovery of 533 mmbbls (gross) is expected during the license period. PSVM comprises 48 wells (22 initial producers, 16 water injectors, two gas injectors and 8 later infills).
• The PSVM FPSO is capable of processing 157,000 barrels of oil per day and 245 million cubic feet per day of production gas with a storage capacity of 1.8 million barrels of oil

+++ Contractors

• **MODEC:** Frame Agreement for the supply of an FPSO under an EPCI contract
• **Sembcorp Marine:** FPSO conversion
• **Subsea 7:** Project management, engineering and installation services associated with the subsea infrastructure, including umbilicals, pipeline jumpers, flexibles and structures, testing and pre-commissioning services
• **Aker Solutions:** Mooring installation contract for hook-up
• **Halliburton:**
  • Well Completions including Upper and Lower Completions Equipment and Downhole Flow Control
  • Drilling and Completions Fluids
• **First Subsea:** Supply of the mooring connectors for the FPSO

+++ History

• 1999 - BP signed a Production Sharing Agreement (PSA) for Block 31
• 2002 - BP announced the ‘Plutão' oil discovery
• 2008 - Sonangol authorised BP and its co-venturers to develop the fields
• 2008 - Modec awarded FSPO contract
• 2011 - FPSO completed
• 2013 - Production Starts at PSVM Project

+++ Geology

+++ Links

1. Serimax Pipeline References
2. MODEC to supply FPSO for BP's Angola Block 31
3. BP Operated Projects, Block 31 PSVM
4. Series of Oil Developments Gets Go Ahead in Angola Block 31
5. FPSO PSVM Set for BP’s Angola Development Offshore West Africa after Milestone Conversion in Jurong Shipyard
6. BP Awards Halliburton High-Value Contracts
7. Subsea 7, BP Block 31 PSVM
8. BP Amoco Awarded Angolan Deep Water Block
9. BP Makes First Ultra-Deepwater Discovery Offshore Angola
10. FPSO installation deal to Aker Solutions
11. SOFEC, Inc. to use First Subsea Connectors to Moor Block 31 FPSO
12. First Subsea completes BP Block 31 FPSO Deepwater Mooring
13. Angola Production Starts at BP-Operated PSVM Project
14. BP FPSO PSVM Achieves First Oil; a significant milestone for MODEC
15. Wood Group Kenny wins engineering contract with BP Angola