Angola’s National Agency for Petroleum, Gas, and Biofuels (ANPG) and Block 17 operator TotalEnergies have announced this week the final investment decision (FID) on the $850m CLOV 3 project.
Angola’s National Agency for Petroleum, Gas, and Biofuels (ANPG) and Block 17 operator TotalEnergies have announced this week the final investment decision (FID) on the $850m CLOV 3 project.
The project targets the extension of the subsea production network of the CLOV hub on Block 17, where the FPSO was commissioned in 2014. CLOV is one of four FPSO-based hubs on the block, which continues to be Angola’s biggest producing asset.
By expanding CLOV’s subsea infrastructure, TotalEnergies seeks to unlock additional reserves from existing fields and sustain production of the FPSO. Commissioning is scheduled for 2024, after the drilling of five new wells.
“This development is the first to benefit from the standardization of subsea equipment in Block 17, through innovative engineering and contractual structures, which represent a significant cost reduction of 20% and which benefit the portfolio of short-cycle development projects in the different fields of said Block,” the ANPG said.
Block 17 has been at the centre of significant subsea activity in recent years. In May 2021, TotalEnergies achieved first oil from the Zinia 2 project, connected to the Pazflor FPSO with an expected peak production of 40,000 bopd. At the end of 2021, it also started producing from the CLOV 2 project, a tie-back scheme with a project plateau of 40,000 boepd.
