TOTALENERGIES SE: TotalEnergies: Angola: Start-up of CLOV Phase 2 Project
03 Décembre 2021 - 8:37AM
UK Regulatory
TIDMTTE
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE), operator of
Block 17 in Angola, together with the Angolan National Oil, Gas and
Biofuels Agency (ANPG) announce the start of production of CLOV
Phase 2, a project connected to the existing CLOV FPSO (Floating
Production, Storage and Offloading unit). This tie-back project
will reach a production of 40,000 barrels of oil equivalent per day
in mid-2022.
Located about 140 kilometers from the Angolan coast, in water
depths from 1,100 to 1,400 meters, the CLOV Phase 2 resources are
estimated at around 55 million barrels of oil equivalent.
Launched in 2018, this project was carried out within budget and
planned execution duration, despite the challenges associated with
the Covid-19 pandemic.
"The start of the production of CLOV Phase 2, a few months after
Zinia Phase 2, demonstrates our continuous efforts to ensure a
sustainable output on Block 17. This project fits within the
company's strategy to focus its upstream investments on low-cost
projects which contribute to lower the average GHG emissions
intensity of its production," said Henri-Max Ndong-Nzue, Senior
Vice-President Africa, Exploration and Production at TotalEnergies.
"CLOV Phase 2 start-up also highlights the performance of our teams
despite the health crisis."
Belarmino Chitangueleca, acting President of the ANPG, commented
that "CLOV Phase 2 start-up comes at the right time to sustain the
national oil production. We value the performance of the operator
and the contractor group to keep executing projects despite this
crisis period."
Block 17 is operated by TotalEnergies with a 38% stake,
alongside Equinor (22.16%), ExxonMobil (19%), BP Exploration Angola
Ltd (15.84%) and Sonangol P&P (5%). The Contractor Group
operates four FPSOs in the main production areas of the block,
namely Girassol, Dalia, Pazflor and CLOV.
***
TotalEnergies in Angola
TotalEnergies has been present in Angola since 1953, where it
today employs around 1,500 people in the business segments of
Exploration & Production, Marketing & Services, Trading
& Shipping and iGRP.
TotalEnergies's equity production in Angola averaged 212,000
barrels of oil equivalent per day in 2020 from operated blocks 17
and 32, and from non-operated assets 0, 14, 14K, and Angola LNG.
TotalEnergies is the country's leading oil operator with close to
45% of Angola's operated oil production.
TotalEnergies also operates Block 17/06 in the Lower Congo
Basin, Block 16, location of the Chissonga discovery -- both in
development phase -- and Block 48 in the emerging ultra-deep
offshore play and still in exploration phase.
In the gas sector, TotalEnergies holds a 13.6% stake in the
5.2-million-ton-per-year Angola LNG liquefaction plant, which is
supplied with associated gas from the country's producing offshore
oil fields. TotalEnergies also recently entered the New Gas
Consortium, a key player in developing Angola's natural gas
resource.
About TotalEnergies
TotalEnergies is a global multi-energy company that produces and
markets energies: oil and biofuels, natural gas and green gases,
renewables and electricity. Our 105,000 employees are committed to
energy that is ever more affordable, cleaner, more reliable and
accessible to as many people as possible. Active in more than 130
countries, TotalEnergies puts sustainable development in all its
dimensions at the heart of its projects and operations to
contribute to the well-being of people.
@TotalEnergies | TotalEnergies | TotalEnergies |
TotalEnergies
Cautionary Note
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consolidated entities that are directly or indirectly controlled by
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be used to refer to these entities or to their employees. The
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document may contain forward-looking information and statements
that are based on a number of economic data and assumptions made in
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TotalEnergies' financial results or activities is provided in the
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which is filed by TotalEnergies SE with the French securities
regulator Autorité des Marchés Financiers (AMF), and in the Form
20-F filed with the United States Securities and Exchange
Commission (SEC).
TotalEnergies Contacts
Media Relations: +33 1 47 44 46 99 l presse@totalenergies.com l
@TotalEnergiesPR
Investor Relations: +33 (0)1 47 44 46 46 l
ir@totalenergies.com
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SOURCE: TotalEnergies SE
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