French group Total Thursday launched oil production at the CLOV (Cravo, Lírio, Orquídea and Violeta) project off the coast of the Angolan capital and whose reserves are estimated to total over 500 million barrels of oil, according to a statement from Angolan state oil company Sonangol.
In the statement Sonangol said that the project had production potential for a 20-year period and that it was part of Block 17 located 140 kilometres off the coast of Luanda.
The project is expected to achieve daily production of 160,000 barrels “over the next few months” and operations began at four oil fields at depths of between 1,100 and 1400 metres in the Lower Congo basin, Sonangol’s statement said.
The CLOV project includes 34 wells and eight collectors linked by 180 kilometres of undersea pipes and a floating production, storage and offloading unit and the natural gas extracted there will be sent by pipeline to the Angola LNG liquefaction plants in Soyo, Zaire province.
The French group has a 40 percent stake in the project and is its operator, and its partners are Statoil ASA with 23.33 percent, Esso Exploration Angola (Block 17) with 20 percent and BP PLC with 16.67 percent. (macauhub/AO)