French oil and gas giant Total has begun production from the Kaombo project located at Block 32 offshore Angola, 260km off the coast of Luanda.
The company has successfully brought the first floating, production, storage and offloading (FPSO) vessel, Kaombo Norte, on stream and will produce around 115,000 barrels of oil per day (bpd), while the second FPSO unit Kaombo Sul, is expected to start production in 2019.
Overall production is said to reach 230,000 bpd at peak, and the associated gas will be exported to the Angola LNG plant. Total’s Kaombo prioject will connect 59 wells to the two FPSOs through one of the world’s largest susbsea networks. Total will develop energy resources across six fields; Gengibre, Gidungo, Caril, Canela, Mostarda, and Louro, covering an area of 800km2 in the central and sourthern regions of Block 32.
Total Exploration and Production president Arnaud Breuillac said: “The Kaombo start up is a great milestone for Total. Developing the estimated 650 million barrels of reserves will contribute to the group’s growing production and cash flow in Africa.
“Total is proud to build on its deep offshore expertise to operate the latest major project coming on stream in Angola, which will account for 15% of the country’s oil production. Once more, this demonstrates the group’s long-term commitment to help develop the oil and gas industry in the country. We will continue doing so in the years to come, including by relaunching exploration in areas such as Block 48.”
The company has a 30% operating interest in Block 32, as does Sonangol P&P, while Sinopec International 32 holds 20%, Esso Exploration & Production Angola owns a 15% stake and Galp Energia Overseas Block 32 holds 5%.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataTotal’s offshore Angola projects
Total has been present in Angola since 1953. Last year, Its production averaged around 229,000 barrels of oil equivalent per day from Blocks 17, 14, and 0, and the Angola LNG project.
It owns 40% interest in Block 17, where it is the majority operator. Recently, an investment decision was made to take on the Zinia 2 project. It also owns a 20% stake in Block 14, and 10% interest in Block 0.
As of last May, Total will operate deep-water Block 48 after it signed a risk service agreement with Sonangol for an exploration licence.
Both companies also signed a framework agreement to create a joint venture (JV) to develop a network of service stations offshore Angola, including petroleum product logistics and supply.