Total and its partners have initiated the development of Zinia 2 deep offshore project in Block 17, located 150km offshore Angola.
With an estimated production capacity of 40,000 barrels per day, Zina 2 comprises nine wells in water depths between 600m and 1,200m. These are tied back to the Pazflor floating storage, production and offloading (FPSO).
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This project is one of the possible short-cycle developments on Block 17 expected to unlock its complete potential by linking satellite reservoirs with the current FPSO units.
Total holds a 40% operating interest in the Block 17, while affiliates of Equinor, Exxon Mobil, and BP hold 23.33%, 20%, and 16.67% stake, respectively.
Total Exploration & Production president Arnaud Breuillac said: “This project will allow to extend the profitability of this prolific block, with over 2.6 billion barrels already produced.
“Thanks to the favourable fiscal framework introduced by the Angolan authorities for satellite developments, other projects similar to Zinia 2 are currently under consideration on Block 17.”
The company has also bolstered its presence in Angola by entering various agreements with Sonangol for both upstream and downstream activities.
One of the deals is a risk service agreement covering the deepwater Block 48 exploration licence, which will be operated by Total and involves drilling of a well during the initial two-year phase.
In addition, a framework agreement entails a joint venture between the partners for the development of a service stations network, including petroleum product logistics and supply, in Angola.
