Total announces two new Angola projects

Total will drill 13 new wells on Angola’s Block 17 after approving two new project phases, the super-major announced Saturday.

The CLOV phase 2 project will involve seven new wells. First oil is expected in 2020 with a production plateau of 40,000 bopd.

Six new wells will be drilled for the Dalia phase 3 project. First oil is planned for 2021, and production is expected to plateau at 30,000 bopd.

“I would like to recognise the leadership shown by the Angolan president, João Lourenço, and the joint efforts of the authorities, <a href=’https://staging.theenergyyear.com/companies-institutions/sonangol/’>Sonangol and the industry to enhance [the] contractual framework, which is an essential step towards developing new projects,” Patrick Pouyanné, the chairman and CEO of Total, said in a statement. “The sanction of these new projects today demonstrates Total’s ongoing commitment to Angola and to the continued development of oil and gas resources in the country.”

Together with Zinia phase 2, CLOV phase 2 and Dalia phase 3 are expected to develop 150 million barrels of additional resources and maintain the Block 17 production plateau above 400,000 bopd until 2023.

Recent Posts

KPC renews supply contract with China’s Unipec

Kuwait Petroleum Corporation (KPC) has renewed a contract to supply 300,000 bopd to Unipec, local media reported on Monday Read More

1 hour ago

Eni may spin off new satellites for high-investment oil projects

Eni is considering spinning off new satellite companies for high-investment oil and gas projects, including ones in Indonesia and Côte… Read More

16 hours ago

ADNOC Drilling wins $1.7-billion drilling contract

ADNOC Drilling announced on Monday it has secured a "transformational" USD 1 Read More

19 hours ago

QatarEnergy farms into ExxonMobil blocks in Egypt

QatarEnergy has signed a farm-in agreement with ExxonMobil to acquire a 40% participating interest in two exploration blocks offshore Egypt,… Read More

1 day ago

Subsea7 unveils contract win in Turkish Black Sea

Subsea7 on Friday announced the award of a contract valued at up to USD 500 million to the Subsea Integration… Read More

4 days ago

Sharjah’s SNOC acquires stake in Eni block in UAE

Sharjah National Oil Corporation has acquired a 30% participating interest from Eni in a block in Ras Al Khaimah, UAE,… Read More

4 days ago

This website uses cookies.