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According to a report on the OE website on May 6, the French oil giant Total has started producing oil from the Zinia Phase II project offshore Angola, which is connected to the existing Pazflor FPSO.
The second phase of the Zinia project includes the drilling of 9 wells and is expected to produce 40,000 barrels per day by mid-2022.
The second phase of the Zinia project is located about 150 kilometers away from the coast of Angola at a water depth of 600-1200 meters.
Total stated that the development of the project was proceeding as planned, and the capital expenditure was more than 10% lower than the budget, saving US$150 million.
Nicolas Terraz, President of Exploration and Production for Total Africa, said that despite the challenges posed by the epidemic, the successful launch of the project shows that Total is committed to ensuring sustainable production in Block 17, whose production license was recently extended to 2045.
Paulino Jeronimo, CEO of the National Oil, Gas and Biofuels Agency (National Oil, Gas and Biofuels Agency) of Angola, commented that the Zinia Phase II project is an important project in Angola, and in due course Come to maintain production in the country.
As the operator of Block 17, Total holds 38% of the shares, and its partners include Equinor (22.
Hao Fen translated from OE
The original text is as follows:
Total Brings Online Zinia Phase 2 Offshore Angola
French oil major Total has started oil production from the Zinia Phase 2 project offshore Angola, connected to the existing Pazflor FPSO.
The Zinia Phase 2 project includes the drilling of nine wells and is expected to reach a production of 40,000 barrels of oil per day by mid-2022.
Located in water depths from 600 to 1,200 meters and about 150 kilometers from the Angolan coast, Zinia Phase 2 resources are estimated at 65 million barrels of oil.
"The development of this project was carried out according to schedule and for a CAPEX more than 10% below budget, representing a saving of 150 million dollars.
"The successful start-up of this project, despite the challenges that have arisen as a result of the pandemic, demonstrates Total's commitment to ensure a sustainable output on Block 17, for which the production license was recently extended until 2045.
Paulino Jeronimo, CEO of the National Oil, Gas and Biofuels Agency, commented as follows, “Zinia Phase 2 is a key project for Angola that comes at the right time to sustain the production of the country.
Block 17 is operated by Total with a 38% stake, alongside with Equinor (22.