Follow us:
Subscribe to our newsletter

logo

  • News
  • Projects
  • Business and Finance
  • Innovation
  • Products and Services
  • Events
  • Online Magazine
  • Advertise
  • Contact
Home
  • News
  • Projects
  • Business and Finance
  • Innovation
  • Products and Services
  • Events
  • Online Magazine
  • Advertise
  • Contact
Quotes by TradingView

Total launches deep offshore development

30 May, 2018
292
Map of block 17 offshore Angola. Image courtesy of Total.

Total and its partners have taken the final investment decision to launch the Zinia 2 deep offshore development, 150 kilometres offshore Angola, Africa. The project will have a production capacity of 40,000 barrels per day (b/d).

Zinia 2 is the first of several possible short-cycle developments on Block 17 that will unlock its full potential by connecting satellite reservoirs to the existing floating storage, production and offloading (FPSO) units.

Arnaud Breuillac, President of Total Exploration & Production said the 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,” he said.

“The project is also a good example of capex discipline and cost optimisation: the work carried out to simplify the design while capturing deflation allowed the partners to cut the development costs by more than a half.”

Zinia 2 comprises nine wells in water depths ranging from 600 to 1,200 metres, tied back to the Pazflor FPSO with a budget of US$1.2 billion.

Total operates the Block 17 with a 40% interest, alongside affiliates of Equinor (23.33%), Exxon Mobil (20%), and BP (16.67%). Sonangol, is concessionaire. It has four FPSOs — Girassol, Dalia, Pazflor and CLOV. In 2017, its production averaged 600,000 b/d.

Related Articles

Africa and the Americas host a number of high-impact wells for 2021

Documentation for Senegal’s first offshore oil development submitted

Trinidad and Tobago

BHP approves Ruby Petroleum Project in Trinidad and Tobago

Angola

BP and partners confirm investment offshore Angola

Comments

Leave a comment Cancel reply

You must be logged in to post a comment.

all news all projects

Latest Posts

  • Latest News
  • Latest Projects
12 Aug

IEA report shows global oil supply and demand rose in July 

12 Aug

LNG exporters must divert gas to the domestic market to avoid shortfalls

10 Aug

Sufficient gas available for domestic energy supply: APPEA

10 Aug

ADGSM review must maintain global investment confidence in Australia: APPEA

03 Aug

Toolkit supports actions for the Global Methane Pledge

12 Aug

Equinor’s H2H Saltend one of the first large-scale hydrogen projects in the UK

12 Aug

Santos acquires pipeline to speed up Narrabri gas delivery

11 Aug

Senex supplies $1 billion boost to natural gas industry

10 Aug

Gas shortage can be prevented with Port Kembla Energy Terminal

02 Aug

NOPSEMA approves Chevron’s Wheatstone activities

Online Magazine

    Current Cover
  • Login
  • Subscribe

Subscribe

Subscribe to our newsletter or print magazine

Our Titles

  • Home
  • Contact Us
  • Terms and Conditions
  • Privacy
© Sage Media Group 2022 All Rights Reserved.
×
Authorization
  • Registration
 This feature has been disabled
 This feature has been disabled until further notice, however you may still register
×
Registration
  • Autorization
Register
* All fields required