These projects should "maximize existing hydrocarbon resources", as well as optimize installations and infrastructure – namely underwater – and also allow for cost reductions.
In this way, Energy Capital & Power, a platform that promotes investment in the energy market in African countries – responsible in the country for the Angola Oil&Gas conference – named what it considers the five main oil and gas projects in the country.
Q&M - Gas Project
In an effort to boost the exploration and monetization of upstream gas, Angola's New Gas Consortium (NGC) – comprising Chevron, Azule Energy, TotalEnergies and Sonangol – reached the FID (Final Investment Decision) on the "Quiluma and Maboqueiro" (Q&M) last August, together with the National Agency of Petroleum, Gas and Biofuels (ANPG).
The project consists of two offshore wellhead platforms, an onshore gas processing plant and a connection to the Angola LNG plant.
So far, EPC (Engineering, Procurement Management and Construction) contracts have been awarded to Saipem for the onshore factory and the Quiluma platform. The JV Gruppo Antonini/Proger/Kerry Logística will be responsible for the Maboqueiro platform, with Baker Huges in charge of supplying turbocompressors.
First gas – planned for 2026 – will play a critical role in advancing Angola's gas-centric agenda and its exploration and development of non-associated gas, they conclude.
Development of the "Agogo" Oilfield
Azule Energy has been carrying out extended work on the development of the ultra-deepwater Agogo oil field in Block 15/06, with the FID set to take place this year and preliminary work already started.
The project involves 36 new wells, including 21 producers and 15 injectors, and a floating storage and offloading unit (FPSO) with a production capacity of 120,000 barrels per day.
Azule Energy has already awarded 7.8 billion dollars in contracts, securing services from Yinson Production to operate and maintain the FPSO vessel, from TechnipFMC to provide flexible piping, from Baker Hughes to provide subsea equipment and services, from Aker Solutions to supply dynamic and static subsea umbilicals and from Subsea 7 to transport and install risers, flowlines and subsea structures.
Upon completion, the Agogo Integrated West Hub will transport peak production of 175,000 barrels per day through the new Agogo FPSO unit and the existing Ngoma FPSO, which came online in 2020.
Development of the Begonia Oil Field
Last July, TotalEnergies announced a 3 billion dollars FID in the development of the Begonia oil field in Block 17/06, which will be concessioned in late 2024 and will add around 30,000 barrels of crude oil per day to existing production.
Located in water depths of up to 750 meters, the Begónia consists of five wells connected to the FPSO Pazflor in adjacent Block 17.
The initial investment was estimated at 850 million dollars and 1.3 million hours of work – 70 percent of which will be carried out in Angola.
CLOV Phase 3
Favoring short-cycle development projects, TotalEnergies and ANPG announced plans last June to invest 850 million dollars to further develop the CLOV Phase 3 Project, located in Block 17. This will expand production in existing fields by 30,000 barrels of oil daily.
With five new wells, the project represents an extension of the subsea production network and its interconnection to the existing CLOV FPSO, as well as the first development to leverage the standardization of subsea equipment on the block, bringing significant cost reductions of up to 20 percent.
With production scheduled for 2024, the third phase of CLOV will require two million hours/workers, of which 1.5 million will be performed locally in Lobito and Luanda.
Cameia-Dolphin Development
One of Angola's most promising deepwater prospects is TotalEnergies' Cameia-Golfinho deepwater development in Block 20/11 and Block 21/09. Estimates point to it containing 420 million barrels of oil equivalent.
The French group has already launched a tender for a new 100,000 bpd FPSO facility for the Golfinho field, one of seven deepwater discoveries made in Blocks 20/11 and 21/09.
FID is due in June, pending government approval of the field development plan, and start-up is expected in 2027.
These and other predictions, strategies, analyzes and debates will take place, as usual, at the Angola Oil&Gas conference and exhibition. The 2023 edition is scheduled for the 13th and 14th of September, in Luanda. Energy Capital Power will bring together "Angolan energy policy makers and stakeholders with global investors to discuss and optimize the country's energy future". Discussion panels and high-level meetings and networking forums are also planned where investment opportunities and partnerships for the oil and gas sector will be presented.
