Total to Start Production from New Project in Angola in 2014

November 26, 2013

France's Total will strengthen its position as top crude operator in Angola by starting production from a new project in the second quarter of 2014, that will raise output by 160,000 barrels per day, according to its country director, Reuters reported on November 25.

Jean-Michel Lavergne said the $8 billion CLOV project, named after the Carnation, Lily, Orchid and Violet fields, would add to a combined output of 600,000 barrels per day from its Girassol, Dalia and Pazflor deepwater fields in the huge Block 17 that Total operates in Africa's No. 2 oil producer.

The French company has a 40 percent stake in the block, where its partners are Statoil, BP and Exxon Mobil unit Esso Angola.

"Total already produces a third of the oil in Angola and this will take the company beyond that," Lavergne told reporters during a visit to the company's new floating production storage and offtake (FPSO) vessel.

The $2 billion vessel has been docked at Porto Amboim, 300 km (200 miles) south of the capital Luanda, since Nov. 8 after arriving from South Korea and will sail to Block 17 in January.

Copyright: Reuters, 2013