BP Angola's Plutonio Oilfield Output Reduced to 200,000 B/D


Angola Blocks
(Click to Enlarge)

LONDON (Dow Jones Newswires), November 21, 2008

The Angolan output of BP PLC and other operators is being impacted by the Organization of Petroleum Exporting Countries' cut decision in October, a BP executive said.

Speaking on the sidelines of an Angola conference, Jim Campbell, vice-president for projects at BP's Angola unit, said "we have been asked for a little less production" as a result of the OPEC cut decision.

He added that the amount being reduced was about 4,000 barrels a day for BP. He said the cut had also been requested from other Angola operators. But Chevron Corp. said over the weekend its production was running as normal.

Campbell added that production at BP's Angola Plutonio oil field, which has a 240,000 barrels a day capacity, has resumed mid-October after a shut down and was now 200,000 barrels a day to comply with an OPEC quota.

OPEC decided on Oct. 24 to reduce its production by 1.5 million barrels a day, with Angola agreeing to cut 99,000 barrels a day. An Angolan official said earlier this month that Angola was implementing the cut in two stages this month and in December.  

Copyright (c) 2008 Dow Jones & Company, Inc.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Business Process Analyst - Delaware Business Process
Expertise: Accounting|Business Analyst|Financial Analyst
Location: Midland, TX
 
Survey Project Manager
Expertise: Landman|Project Management|Surveying
Location: Corpus Christi, TX
 
Accountant - Intercompany
Expertise: Accounting
Location: Alpharetta, GA
 
search for more jobs

Brent Crude Oil : $50.2/BBL 3.29%
Light Crude Oil : $47.89/BBL 3.34%
Natural Gas : $2.94/MMBtu 1.37%
Updated in last 24 hours