Fossil Energy – Angola
The National Agency of Petrolem, Gas and Biofuels (ANPG), TotalEnergies and its partners in block 17, announced last Friday the final investment decision of 850 million dollars for the launch of the CLOV Phase 3 development of the block, 150 kilometers off the Angolan coast.
The CLOV Phase 3 development is an extension of the subsea production network and its interconnection to the floating production and storage unit (FPSO) CLOV to develop additional production from existing fields that can peak at 30,000 barrels per day, to sustain the production of the CLOV field, which started in 2014.
This development is the first benefit from the standardization of subsea equipment in block 17, through an innovative contractual and engineering structure that represents a significant cost reduction that benefits the portfolio of short-cycle development projects in the different fields of the aforementioned block.
