Production of oil group Total in Angola, which stands at 600,000 barrels per day, will be increased in 2014 when the company’s fourth production, storage and unloading unit goes into operation, the managing director of Total Angola said in Luanda.
Jean-Michel Lavergne said that the unit would start operating at the CLOV project, which includes four exploration area known as Cravo, Lírio, Orquídea and Violeta and which contains estimated reserves of 505 million barrels of oil, and will lead to additional production of 160,000 barrels per day.
The floating unit, which is under construction at a shipyard in South Korea, is due to arrive in Angola in November and will operate at the project located 140 kilometres northwest of Luanda.
The CLOV project is explored by a consortium led by Total (40 percent) and also includes Norway’s Statoil (23.3 percent), US company Esso (20 percent) and BP (16.67 percent).
The French group’s 60-year history in Angola includes landmark moments such as the Petrofina concession (1952), inauguration of the Luanda Refinery (1958), 15 discoveries in Block 17 (1996/2002) and 1 million barrels of oil produced at Block 17 (2010). (macauhub)