France’s Total oil company expects to reach “before the end of the year” the production peak of 160,000 barrels of oil per day in the Angolan CLOV project, which has estimated reserves of more than 500 million barrels, the company reports.
The information is contained in the report on the company’s results in the second quarter of 2014, which refers to the start of that Angolan deepwater operation as the period’s main highlight.
The project has a 20-year production potential and includes Bloc 17, 140 km offshore from Luanda. Operations began last 12 June.
Four Lower Congo Basin oil fields are involved, in waters between 1100 and 1400 metres deep.
Total specified that the project will reach daily production of 160,000 barrels of oil before the year is out, via 34 wells and eight collectors linked by 180 km of underwater pipes and a floating unit for production, storage and discharge of crude oil.
Regarding prospects for coming months beyond the maturity of CLOV production, Total indicated that it expects “results” in “highly potential” prospecting locations in the Kwanza Basin, also in Angola, reports Lusa news agency.
As elsewhere in Angola, the concessionaire for Bloc 17 is Angola’s state-owned Sonangol. It is operated by France’s Total (40 percent); Norway’s Statoil (23.33 percent), Exxon Mobil of the USA (20 percent) and Britain’s BP (16.67 percent) are also involved. (macauhub/AO)