Total hits 2-billion-barrel milestone in Angola
LUANDA, May 27, 2015 – Energy giant Total announced on Wednesday its achievement in producing a total of 2 billion barrels from its block 17, located about 150 kilometres off the coast of Angola.
Total produces 700,000 barrels per day in deep offshore block 17, which has become the company’s most prolific site. Total operates the block with a 40% interest alongside Norwegian oil and gas company Statoil (23.33%), Exxon affiliate Esso Exploration Angola Block 17 (20%) and BP Exploration Angola (16.67%).
“Block 17 is a global benchmark in the deep offshore and represents a unique industrial adventure, with 15 discoveries and a very high level of production. Thanks to the commitment of our teams and a number of technological world firsts over the past 14 years, the production of Block 17 has continuously ramped up,” said Total’s president of exploration and production, Arnaud Breuillac, in a company statement.
The company’s equity production in 2014 was at 200,000 boepd from blocks 17, 0 and 14. Total became the country’s leading oil operator when it reached more than 700,000 bopd in early 2015.