Total group starts exploring CLOV project, in Angola in second half of 2014

25 November 2013

The CLOV (Cravo, Lírio, Orquídea and Violeta) project is due to start production at the end of the second half of 2014, increasing the quantity of oil extracted from 600,000 to 800,000 barrels, said the director of the French group.

CLOV is an integrated exploration project involving four oil wells in the north-eastern sector of offshore block 17, in which Total E&P Angola – a subsidiary of the French group – has a 40 percent stake and the remaining partners are Statoil with 23.33 percent, Esso Exploration Angola with 20 percent and BP Exploration Angola with 16.67 percent.

The other exploration projects in Block 17 include Girassol and Dália, which are currently producing oil and Pazflor, which is being prepared to produce oil soon.

At a meeting in Porto Amboim, in Kwanza Sul province, Jean-Michel Lavergne said that the CLOV project would require an estimated investment of US$6 billion. (macauhub)