Total has announced that it expects Angola’s CLOV project in Block 17 to reach the production peak of 160,000 bpd by end of 2014
The offshore project has a 20-year production potential and is estimated to hold more than 500mn barrels of oil. The French firm said that operations had begun in June this year.
The project will involve 34 subsea wells connected to the CLOV FPSO units at depths of 1,100 metres to 1,400 metres. These will process and store oils of two different qualities from the Oligocene and Miocene sedimentary beds. The design of the facilities will ensure that the impact on the environment is kept to a minimum, with heat being recovered from the turbines and tank gases, the explorer said.
Total also indicated that it is expecting results from ‘highly potential’ prospecting locations in the Kwanza Basin, Lusa news agency reported.
Total operates and owns 40 per cent of Block 17, Norway’s Statoil holds 23.33 per cent and ExxonMobil owns 20 per cent. BP’s ownership stake is 16.67 per cent.