INTERNATIONAL NEWS

Total Outlines Investment Decisions Offshore Angola

Total SA executives announced investment decisions to develop satellite fields on Block 17 offshore Angola.

The satellite field investments were announced during an inauguration ceremony for the Block 32 Kaomba project, which came on stream in July 2018.

The CLOV Phase 2 project, which requires drilling 7 wells, is expected to come on stream in 2020 with a production plateau of 40,000 b/d.

The Dalia Phase 3 project, which requires drilling 6 wells, is expected to come on stream in 2021 with a production plateau of 30,000 b/d.

Zinia 2, CLOV 2, and Dalia 3 together are expected to maintain Block 17’s production plateau above 400,000 b/d until 2023, Total said.

Already, the block has produced more than 2.6 billion bbl. The final investment decision for Zinia 2 came earlier this year in May 29, 2018.

Total has a 40percent interest in Block 17, where total production averaged 600,000 b/d last year.

Partners are Equinor, 23.33percent; ExxonMobil Corp., 20percent; and BP PLC, 16.67percent. State-owned Sonangol is the concessionaire.

Source: OGJ

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