The Begónia reservoir will be developed through five subsea wells (three for production and two for water injection), connected to the floating production, storage and offloading unit FPSO Pazflor, in production since 2011 in Block 17.
The first oil, scheduled for the first half of 2025, will increase the production of the FPSO Pazflor by around 30,000 barrels of oil per day, explains the national concessionaire in a statement sent to VerAngola.
Begónia is the second project operated by TotalEnergies in Angola to benefit from "innovative engineering" and a new contractual framework for the standardization of the Subsea Production System, capable of reducing costs by up to 20 percent and accelerating the procurement process.
For the chairman of the Board of Directors of the National Agency for Petroleum, Gas and Biofuels, Paulino Jerónimo, the final investment decision for Begónia "is fundamental to sustain Angola's production, optimizing existing assets and resources".
The official also mentions that "the National concessionaire will continue to do everything possible so that operators and their partners have the best opportunities to expand and increase their activity in the country and to contribute to increasing the productivity and efficiency of the oil sector" .
The managing director of TotalEnergies in Angola, Olivier Jouny, underlines that "this first subsea development of inter-block connection will maximize the use of the Pazflor infrastructure, reducing costs and carbon intensity, in line with TotalEnergies' strategy ".
"In this emblematic block, TotalEnergies shows its leadership in deep waters, at low cost (less than 20 dollars per barrel), thanks to the standardization of subsea equipment", he adds.
The same official also mentioned that this final investment decision precedes the planned signing of the Quilemba solar power plant concession, in Lubango, highlighting the commitment and multi-energy development of TotalEnergies in Angola.
With an investment of US$850 million, the development project will involve 1.3 million working hours, of which 70 percent will be carried out in Angola, mainly in the industrial base of Luanda, and offshore.
TotalEnergies operates Block 17/06 with a 30 percent stake, along with Sonangol P&P (20 percent), SSI (27.5 percent), Somoil (10 percent), ACREP (5 percent) Falcon Oil (5 percent) and PTTEP (2.5 percent).