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African News

Angola Example of Oil Growth in Africa

Friday, October 13, 2006 10:57:03 AM
By MICHELLE FAUL

Dan Jovanovic of Houston,Tx,  the drill site manager at the  Chevron Corp.'s US$2.3 billion Benguela Belize platform, off the coast of Angola, uses  Friday Sept. 29, 2006,  a  US$300-million console equipped with two joysticks, to control the drilling that some months ago drew the first crude into one of the fifth largest and most sophisticated man-made structures in the world. (AP Photo/Michelle Faul)ABOARD THE BENGUELA BELIZE PLATFORM, Angola (AP) - The behemoth rises from the Atlantic Ocean seabed, a testament to Africa's growing importance to an energy-hungry world fearful of its dependence on the explosive Middle East, and to Angola's growing importance within Africa.

Chevron Corp.'s $2.3 billion Benguela Belize oil platform, dwarfing the Statue of Liberty at 1,680 feet, is an innovation in Africa's Gulf of Guinea, where floating platforms long have held sway. Drilling some months ago drew the first crude into the structure.

Angola is the latest example of the growth of oil in Africa — and of its potential to both help and hurt.


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