Block 14, Angola Development
Block 14, Angola Development
Block 14, Angola Development
Daniel Elias
Head of Development & Production
Exploration assets
Angola development
Final remarks
1 Net
3 | Capital Markets Day - March 14th 2011 entitlement 2P reserves
2 Working interest 3C contingent resources
Block 14 and 14K provide solid foundation for Galp Energias presence in Angola
Kuitos development
Very successful fast track deepwater
project with first discovery in 1997
and first oil in 1999
Development consists of one FPSO,
three subsea centers, 22 producers,
six water injection and one gas
injection wells
Project acceleration achieved via
staged development
Upgrades successfully performed
with vessel on-station
5 | Capital Markets Day - March 14th 2011
Excellence in execution in BBLT
Tmbua-Lndanas CPT
Weight and cost optimization via Tender
Assisted Drilling rig
One of the tallest fixed structure
executed in the world
Development to date consists of one
CPT, one subsea centers, 11 producers
and three water injection wells
Two stage execution: 1st TL (CPT,
process, import and export facilities);
2nd TS (subsea centers and tie-back)
Hub concept, available to incorporate
further tie-backs
Lianzi development
First unitized development between
Angola and Republic of the Congo
Long tie-back to BBLT, 42 km away
Technology qualification: direct
electrical heating, subsea sampling
and subsea multiphase metering
Engineering optimization studies
underway to BBLT tie-back
development alternative
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2011
2011 2014
2014 2017
2017 2020
2020
Current projects
Current projects New projects
New projects
Matters discussed in this presentation may constitute forward-looking statements. Forward-looking statements are statements other than in respect of
historical facts. The words believe, expect, anticipate, intends, estimate, will, may, "continue," should and similar expressions identify
forward-looking statements. Forward-looking statements may include statements regarding: objectives, goals, strategies, outlook and growth
prospects; future plans, events or performance and potential for future growth; liquidity, capital resources and capital expenditures; economic outlook
and industry trends; developments of Galp Energias markets; the impact of regulatory initiatives; and the strength of Galp Energias competitors. The
forward-looking statements in this presentation are based upon various assumptions, many of which are based, in turn, upon further assumptions,
including without limitation, managements examination of historical operating trends, data contained in Galp Energias records and other data
available from third parties. Although Galp Energia believes that these assumptions were reasonable when made, these assumptions are inherently
subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and
are beyond its control. Such risks, uncertainties, contingencies and other important factors could cause the actual results of Galp Energia or the industry
to differ materially from those results expressed or implied in this presentation by such forward-looking statements.
The information, opinions and forward-looking statements contained in this presentation speak only as at the date of this presentation, and are subject
to change without notice. Galp Energia does not intend to, and expressly disclaim any duty, undertaking or obligation to, make or disseminate any
supplement, amendment, update or revision to any of the information, opinions or forward-looking statements contained in this presentation to reflect
any change in events, conditions or circumstances.