Africa-Press – Angola. In March this year, crude oil production reached a total volume of 35 million 417 thousand barrels (MMBBLS), representing an increase of 9.5 percent compared to the previous period (February).
In February, oil production was 32.327 million barrels. Average daily production in March was set at 1.142 million barrels, according to the monthly report published by PetroAngola, an Angolan company that provides information on oil, gas and renewable energy.
Block 17 had a daily average of 381,786 barrels of oil per day, being the largest producer in the period under analysis, followed by Block Zero, with an average production of 161,942 barrels per day and in third position Block 32, with a daily production of 145,716 barrels a day.
According to the March report, Angolan crudes were traded at a premium, in relation to Brent, with the combination of the prices of the most valued crudes in international markets reaching an average value of US$114.29 per barrel, settling at around $3.34 above the value of Brent.
Sunflower was the best valued, reaching the highest price of US$133.42 per barrel, with a monthly average of US$114.86, according to the publication. After Girassol follows the Cabinda range, with a monthly average of US$114.68 per barrel, followed by the Nemba range (US$132.78), with a monthly average of US$113.84 per barrel.
Dália oil, another branch of the Angolan industry, reached a price of US$132.73 and a monthly average of US$113.77 per barrel.
Gas Rises In Production
Associated natural gas production stood at 87.583 million cubic feet (MMSCFD) in March, totaling a daily average of 2.825 million cubic feet, which represents an increase of 7.00 percent over the previous month. .
In February, total gas production reached 81.621 million cubic feet, corresponding to a daily average of 2.915 million barrels.
Of the total volume of gas produced, 44 percent was injected, 8.00% was made available for power generation in oil facilities, 19% was exported to the ALNG plant, 4.00% for flaring and the remaining 26 percent were used in gas lift operations, one of the most popular methods for artificially lifting fluids.
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