Sunday , May 29 2022

Angola: Total inaugurates a new deep sea oilfield


Angola ushered in a new oil field on November 10. It is operated by the French group Total and could help improve the export earnings of the second largest oil producer in Africa, whose economy has suffered greatly from falling oil prices in 2014.

With a cost of $ 16 billion, the Kaombo oil field inaugurated on November 10, 250 kilometers from the capital of Luanda is the largest offshore operation ever launched in Angola.

Two craft over 300 meters long have to extract oil from six bottles of oil spread over an area of ​​800 km², almost equivalent to the area of ​​Paris and the three departments surrounding the French capital.

Diversification of the economy

It was also necessary to build a network of tubes over 300 kilometers, depths of up to 2000 meters. This is a world record, according to the French group Total, who runs the project, which also includes Anglo-American, Chinese, American and Portuguese companies.

Kaombo Norte, the first of the two ships, began production in July last year. The second, Kaombo Sul, should be operational in the middle of next year. Both boats will produce 230,000 barrels a day, or 15% of Angola's current production.

At this rate and the total reserves estimated at 660 million barrels, this new offshore land should produce for at least seven years. What allows the current government to support the diversification of the Angolan economy, which still depends on hydrocarbons.

" In # Angola for the inauguration of major offshore deep water project called #Kaombo. I am very proud and impressed with all the work of our teams there! I also met with President João Lourenço and reaffirmed @ Total's commitment in the country by planning new investments "Wrote Twitter, Total President, Patrick Pouyanné.

►A (re) listen: Africa Economy: Total Project in Angola

Source link