The National Oil, Gas and Biofuels Agency (ANPG) and Total, operator of Block 17, have just announced the start of the short cycle Zinia Phase 2, linked to the Floating Production, Storage and Unloading Unit (FPSO) of Pazflor.
The 'brownfield' project includes drilling nine wells and it is estimated to reach a production of 40,000 barrels of oil equivalent per day, in mid-2022, says a statement sent to VerAngola by ANPG.
Located in deep waters of 600 to 1200 meters and about 150 kilometers from the Angolan sea coast, the resources of Phase 2 of Zinia are estimated at 65 million barrels of oil equivalent.
The development of this project was carried out according to the initially established schedule and with investment costs more than 10 percent below budget, representing savings of US $ 150 million, the document adds.
The work carried out corresponds to more than 3 million hours, of which 2 million were performed in Angola, without any incident.
For Paulino Jerónimo, President of the National Agency for Oil, Gas and Biofuels, Zinia Phase 2 is a key project for Angola and it arrives at the right time to support the country's production. "I underline the importance of our partnership with Total Angola and with the Partners of Block 17, because together with us they continue to invest in the development of the country's oil resources", said the official.
Nicolas Terraz, President for Africa, Exploration and Production at Total, stresses, for his part, that the successful start of this project, despite the challenges of the pandemic, demonstrates Total's commitment to ensuring sustainable production in Block 17, for which the production license was recently extended until 2045. "The Zinia Phase 2 project reflects the quality of short cycle projects in Angola with a high return on investment", he concludes.
Block 17 is operated by Total with a 38 percent stake, together with Equinor (22.16 percent), ExxonMobil (19 percent), BP Exploration Angola Ltd (15.84 percent) and Sonangol P&P (5 Percent). The Empreiteiro Group operates four FPSOs in the main production areas of the Block, namely Girassol, Dália, Pazflor and CLOV.