Total and Sonangol have signed agreements to develop Zinia Phase 2 project, explore block 48 and several other deals covering upstream and downstream activities in Angola
Patrick Pouyanné, chairman and CEO of Total, and Carlos Saturnino, chairman of Sonangol, signed the agreements during their meeting with João Lourenço, the president of the Republic of Angola.
“Today’s agreements demonstrate Total’s willingness to contribute to this dynamic by restarting exploration offshore in Angola, launching new projects such as Zinia 2 on Block 17 and extending our cooperation with Sonangol to new businesses in oil product distribution and renewable energy,” said Pouyanné.
“In particular, Total is making all necessary efforts to ensure a start-up as soon as possible during summer 2018, for the Kaombo project, currently the most significant investment in the country,” he added.
The Zinia Phase 2 is located in Block 17. Under the terms of agreement, Zinia 2 will be connected to the Pazflor FPSO and is expected to produce 40,000 bpd.
Total and Sonangol have decided to jointly explore Block 48, aiming to restart deep offshore exploration in Angola. The first phase of this programme is set to last for two years with the drilling of one exploration well.
The companies will also develop a joint retail network in the country, including logistics and the supply of oil products. Both companies also signed a MoU to explore opportunities for renewable energy supply in Angola.
Present in Angola since 1953, Total is one of the leading oil operators in the country. The group produced around 243,000 boepd in 2016, with the production coming from Blocks 17, 14, 0 and Angola LNG.
