The CLOV Phase 3 development is an extension of the subsea production network and its interconnection to the floating production and storage unit (FPSO) CLOV to develop additional production from existing fields that can peak at 30,000 barrels per day, to sustain the production of the CLOV field, which started in 2014, says the concessionaire in a statement sent to VerAngola.
This development is the first to benefit from the standardization of subsea equipment in block 17, through an "innovative" contractual and engineering structure that represents a significant cost reduction that benefits the portfolio of short-cycle development projects in the different fields of the aforementioned block.
"This development will maximize the use of the existing CLOV infrastructure, allowing the production of oil at less cost and with less carbon intensity, in line with TotalEnergies' strategy", said Olivier Jouny, managing director of TotalEnergies Angola, also mentioning that this project "opens a new cycle in block 17 in which the standardization of subsea equipment for future developments will bring about a cost reduction of around 20 percent and could generate opportunities to maintain production in other FPSOs", he said.
The official also said that in this way, TotalEnergies demonstrates its leadership in deep offshore and is evaluating the replication of this strategy in its portfolio of development opportunities, both in existing and new facilities.
For Paulino Jerónimo, chairman of the Board of Directors of ANPG, the final investment decision for CLOV Phase 3, "will clearly contribute to Angola maintaining its national production levels, as well as to the optimization of existing facilities and resources".
"It is, therefore, another achievement, the result of intense and continuous work between the national concessionaire and its partners in the sector." Also for the CEO of ANPG, "the investment by TotalEnergies and its partners for the development of national oil resources is not only important but welcome, since the oil sector continues to be of extreme importance for the economy of Angola and for all its citizens".
The CLOV Phase 3 development project comprises the extension of the subsea infrastructure and five new wells in water depths between 1100 and 1400 meters, with a planned start of production in 2024. It involves 2 million working hours, of which 1.5 million to be carried out in Angola, mainly in Lobito (Sonamet shipyard), and in Luanda (Sonils logistics base).
TotalEnergies operates block 17 with a 38 percent stake, with equity holdings from Equinor (22.16 percent), Exxon Mobil (19 percent), BP Exploration Angola Ltd (15.84 percent) and Sonangol P&P (5 percent). ). Block 17 has four FPSOs in operation – Girassol, Dália, Pazflor and CLOV.