Ver Angola

Energy

Clov Phase 2 project, in Block 17, has already entered into operation

Production for the Clov Phase 2 Project, in Block 17, has already started. Confirmation was given by the National Agency for Petroleum, Gas and Biofuels (ANPG) and TotalEnergies, which indicate that the project aims to "stabilize production levels and allow the operator to adapt adequately to the volatility of the environment" .

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"The National Agency for Petroleum, Gas and Biofuels and TotalEnergies E&P Angola confirm the start of production for the Clov Phase 2 project, which includes the drilling of seven wells and is expected to reach a production of 40,000 barrels of oil/day ", can be read in a statement sent to VerAngola.

According to the note, the project is located about 150 kilometers off the Angolan coast, "with a water depth of between 1100 and 1400 meters and has resources estimated at 55 million barrels of oil".

The project was launched in 2018 and, according to the statement, was delivered on schedule, having respected the initially established budget, despite the limitations imposed by the covid-19 pandemic.

The acting president of ANPG, Belarmino Chitangueleca, quoted in the statement, considered that "the start of Phase 2 of the Clov comes at the right time and with the right objective, as Angola needs to mitigate the decline in its oil production and work to increase it in the near future".

"For us, projects like this are equally important because they emphasize the commitment of the contractor groups to Angola, a country that has always welcomed and respected them, and in which not even the crisis caused worldwide by covid-19 has shaken their interests and investments" , he added.

In turn, the president of TotalEnergies, Nicolas Terraz, highlighted that the start of this project, a few months after Zinia Phase 2 "is proof of TotalEnergies' efforts to ensure sustainable production in Block 17, in line with our strategy of concentrating investments on low-cost projects that contribute to lowering the average intensity of GHG emissions from our production".

He also stressed that the entry into operation of this project "illustrates" the "good performance" of the teams "despite the health crisis caused by covid-19".

Block 17 is operated by TotalEnergies (38 percent), which is partnered by Equinor (22.16 percent), ExxonMobil (19 percent), BP Exploration Angola Ltd (15.84 percent) and Sonangol P&P (five percent).

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