Latest news with #CLOVPhase3
Zawya
7 days ago
- Business
- Zawya
Angola boosts oil output by 60,000 bpd
Angola's attempts to stabilise its waning crude oil production received a boost when two offshore projects started up, adding a total of 60,000 barrels per day to national output, the country's national oil and gas agency, ANPG, said. Sub-Saharan Africa's second-largest oil producer after Nigeria, Angola has overhauled its oil and gas regulations to attract energy companies and help stabilise oil production, which has halved due to maturing fields since reaching a peak of around 2 million barrels per day (bpd) in 2008. Last year, President João Lourenço approved a law that offers new incentives to incrementally expand production in offshore blocks, after Angola decided to leave OPEC following a spat over crude output allocations. Both the offshore CLOV Phase 3 development and the Begonia project will separately produce 30,000 bpd. Located in Block 17, the CLOV 3 satellite project will be linked to an existing floating production storage and offloading (FPSO) vessel and will help Angola maintain its overall production above 1 million bpd, government and company officials said. "This is good news for the country. First oil is always very important," Paulino Jerónimo, chairman of the board of directors of the National Agency for Oil, Gas, and Biofuels (ANPG), said in a statement. Block 17 is operated by TotalEnergies with a 38% stake, together with Equinor (22.16% stake), ExxonMobil (19%), Azule Energy (15.84%) and Sonangol E&P (5%). Situated some 150 kilometres off Angola's coastline, Begonia is the country's first inter-block subsea development that links Blocks 17 and 17/06 and uses the Pazflor FPSO. "We will produce oil from one block using existing facilities from another," Martin Deffontaines, general manager of TotalEnergies Angola, said in a statement.
TimesLIVE
24-07-2025
- Business
- TimesLIVE
Angola gets 60,000 barrels per day oil production bump
Angola's attempts to stabilise waning crude oil production received a boost on Wednesday when two offshore projects started up, adding a total of 60,000 barrels per day to national output, the country's national oil and gas agency ANPG said. Sub-Saharan Africa's second-largest oil producer after Nigeria, Angola has overhauled its oil and gas regulations to attract energy companies and help stabilise oil production that has halved because of maturing fields since reaching a peak of around 2-million bpd in 2008. Last year, President Joao Lourenco approved a law that offers new incentives to incrementally expand production in offshore blocks, after Angola decided to leave OPEC following a spat over crude output allocations. Both the offshore CLOV Phase 3 development and the BEGONIA project will separately produce 30,000 bpd. Located in Block 17, the CLOV 3 satellite project will be linked to an existing floating production storage and offloading (FPSO) vessel and will help Angola maintain its overall production above 1-million bpd, government and company officials said.
Business Wire
23-07-2025
- Business
- Business Wire
TotalEnergies - Angola: Start-up of BEGONIA and CLOV Phase 3 Offshore Projects
PARIS--(BUSINESS WIRE)-- TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) announces the start of production from the BEGONIA and CLOV Phase 3 offshore projects, leveraging ullage in the PAZFLOR and CLOV floating production, storage and offloading units (FPSO) to add a total of 60,000 barrels a day of new production. These two subsea tie-back projects deliver additional production leveraging available capacity on existing FPSO's and as such have low marginal costs and low carbon intensities. BEGONIA, the first development on Block 17/06 TotalEnergies (30%, operator) announces the start of production from BEGONIA, the first inter-block development in Angola. A project made possible thanks to good cooperation between the Angolan concession holder Agencia Nacional de Petróleo, Gás e Biocombustíveis (ANPG), the partners of the block 17/06, Sonangol E&P (30%), SSI (27,5%), ETU Energias (7.5%), Falcon Oil (5%), and the partners of block 17 also operated by TotalEnergies. Located 150 kilometers off the Angolan coast, BEGONIA is a 30,000 barrels per day project consisting of five wells subsea tied back to the PAZFLOR FPSO. CLOV Phase 3, continued upsides on Block 17 TotalEnergies (38%, operator) also announces the first oil from CLOV Phase 3 in Block 17, in agreement with ANPG and its partners Equinor (22,16%), ExxonMobil (19%), Azule Energy (15.84%) and Sonangol E&P (5%). Located 140 kilometers from the Angolan coast, CLOV Phase 3 is a 30,000 barrels per day project consisting of four wells subsea tie-back to the CLOV FPSO. 'TotalEnergies, operator of Block 17 and 17/06, continues to actively deliver its low-cost and low-emissions developments to grow its upstream production by more than 3% in 2025,' stated Nicolas Terraz, President Exploration & Production at TotalEnergies. 'With BEGONIA and CLOV Phase 3, we are leveraging available production capacity in existing FPSOs of Block 17 (PAZFLOR and CLOV) while reducing costs and emissions.' 'Good news for the country, as those two First Oils will help Angola maintain its production levels above 1 million baril per day. BEGONIA is the first project between Blocks in Angola with a significant component of Local Content and CLOV 3 is a great achievement resulting from intense work between the concessionaire and the B17 contractor group, operated by TotalEnergies. Projects like these are extremely important as they prove the innovative spirit and dynamism of the oil sector in Angola,' declared Paulino Jerónimo, Chairman of the Board of Directors of the National Agency for Petroleum, Gas and Biofuels. *** About TotalEnergies in Angola TotalEnergies has been present in Angola since 1953 and today employs around 1,500 people across different business segments. With a diversified portfolio, deep offshore operated assets representing more than 45% of the country's oil production, service stations in partnership with Sonangol and renewable energy projects, TotalEnergies in Angola is a key player in supporting the country's sustainable energy transition. About TotalEnergies TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables and electricity. Our more than 100,000 employees are committed to provide as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations. @TotalEnergies TotalEnergies TotalEnergies TotalEnergies Cautionary Note The terms 'TotalEnergies', 'TotalEnergies company' or 'Company' in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words 'we', 'us' and 'our' may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies' financial results or activities is provided in the most recent Universal Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC). TotalEnergies Contacts Media Relations: +33 (0)1 47 44 46 99 l presse@ l @TotalEnergiesPR Investor Relations: +33 (0)1 47 44 46 46 l ir@
