Angola: Total inaugurates the Kaombo project

During the ceremony, Total also announced the continuation of its development programme in the country, following on from the launch of the Zinia 2 project in May. The Group, along with its partners, has notably taken two investment decisions on Block 17, located deep offshore 150 km off the coast of Angola, to develop satellite fields that will be tied back to existing infrastructures and will quickly bring additional production.

The CLOV phase 2 project requires the drilling of 7 additional wells, with first oil expected in 2020 and a production plateau of 40 000 bpd. The Dalia phase 3 project requires the drilling of 6 additional wells, with first oil expected in 2021 and a production plateau of 30 000 bpd. Zinia 2, CLOV 2 and Dalia 3 will develop 150 million bbls of additional resources to maintain the Block 17 production plateau above 400 000 bpd until 2023, and further extend the profitability of this prolific block, with over 2.6 billion bbls already produced.

“As Angola’s principal oil partner, Total is proud to inaugurate such a major deep offshore project as Kaombo, which started up production in July and marked a new milestone of our history in the country,” stated Patrick Pouyanné, Chairman and CEO of Total. “I would like to recognise the leadership shown by the Angolan President, João Lourenço, and the joint efforts of the authorities, Sonangol and the industry to enhance contractual framework, which is an essential step towards developing new projects. 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.”

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