Angola oilfield to ship first cargo in Sept

LONDON – BP’s new Plutonio oilfield in Angola is expected to load its first crude shipment at the end of September, traders said on Wednesday.

The new fields, which are expected to average around 200 000 barrels per day, are scheduled to ship the first cargo on Sept 24, they said. A BP spokesman would not provide a specific date on when the fields will begin producing.Five deepwater oilfields off the coast of Angola – Plutonio, Galio, Paladio, Cromio and Cobalto – will make up the new Plutonio crude blend.The grade is marketed as a medium, sweet crude with an API gravity of 32,6 degrees and a sulphur content of 0,39 per cent, according to its assay.Its sulphur level is similar to that of Angola’s Girassol and Kissanje grades.Plutonio’s success is key in Angola’s campaign to reach an output of two million barrels per day in 2008.The second-largest oil producer in sub-Saharan Africa is set to pump an estimated 1,76 million bpd in September, with 1,7 million bpd of the total exported.Nampa-ReutersA BP spokesman would not provide a specific date on when the fields will begin producing.Five deepwater oilfields off the coast of Angola – Plutonio, Galio, Paladio, Cromio and Cobalto – will make up the new Plutonio crude blend.The grade is marketed as a medium, sweet crude with an API gravity of 32,6 degrees and a sulphur content of 0,39 per cent, according to its assay.Its sulphur level is similar to that of Angola’s Girassol and Kissanje grades.Plutonio’s success is key in Angola’s campaign to reach an output of two million barrels per day in 2008.The second-largest oil producer in sub-Saharan Africa is set to pump an estimated 1,76 million bpd in September, with 1,7 million bpd of the total exported.Nampa-Reuters