Total plans new offshore Angola well to boost oil output

0
391

LUANDA – French oil company Total said on Saturday it plans to drill 13 wells on block 17, offshore Angola, in order to maintain production of 400,000 barrels per day of crude until 2023 in Africa’s second largest crude producer

In a statement, the company said the wells, which will connect marginal fields to existing floating platforms, would be divided between two projects.

CLOV 2 will involve drilling seven additional wells to produce 40,000 barrels of oil per day. First oil is expected in 2020.

Dalia 3 will see six new wells drilled, producing 30,000 barrels per day, with oil coming onstream from 2021.

The projects, along with the previously announced Zinia 2, will enable Total to maintain production from block 17 of more than 400,000 barrels per day, the company said.

Reporting by Stephen Eisenhammer; Editing by James Macharia and Kirsten Donovan

SHARE
Previous articleW. Africa Crude-Brisk spot trade on strong diesel margins
Next articleIMF sees Namibia’s GDP contracting in 2018
Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.