Angola: Total Starts up Production from Dalia P...
Angola: Total Starts up Production from Dalia Phase 1A on Deep Offshore Block 17
TOTAL S.A.
Total (Paris:FP) (LSE:TTA) (NYSE:TOT) has started production from Dalia Phase 1A, a new development on its deep offshore operated Block 17, located 135 km off the coast of Angola. Dalia Phase 1A will develop additional reserves of 51 million barrels (Mb) and will contribute 30,000 barrels per day (b/d) to the block’s production.
“The Dalia FPSO came on stream nearly nine years ago and with the addition of Phase 1A will still produce around 200,000 b/d. It is the latest milestone in the success story of Block 17, Total’s most prolific license with cumulative production reaching two billion barrels in May 2015,†explained Arnaud Breuillac, President Exploration & Production. “Dalia Phase 1A demonstrates Total’s commitment to maximizing value through the optimal use of existing facilities. These types of profitable satellite tie-back developments play an important role in maintaining production levels and generating additional free cash flow for the Group.â€
The Dalia Phase 1A project involves the drilling of seven infill wells tied back to the Dalia Floating Production Storage and Offloading (FPSO) unit.
Total Exploration & Production in Angola
Total celebrated its 60th anniversary in Angola in 2013. In 2014, the Group’s equity production reached 200,000 barrels of oil equivalent per day (boe/d), coming essentially from Blocks 17, 0 and 14. In early 2015, Total’s operated production exceeded 700,000 boe/d, making it the country’s leading oil operator.
Total operates Block 17 with a 40% interest alongside Statoil (23.33%), Esso Exploration Angola Block 17 Ltd (20%) and BP Exploration Angola Ltd (16.67%). Sonangol is the concessionaire of the license. The Group operates four FPSO units on the major production zones of the block: Girassol, Dalia, Pazflor and CLOV.
Total also operates with a 30% interest the ultra deep offshore Kaombo development located on Block 32. A final investment decision was made in April 2014 to develop Kaombo’s estimated reserves of 650 Mb via two converted FPSOs with a total production capacity of 230,000 b/d.
* * * * *
About Total
Total is a global integrated energy producer and provider, a leading international oil and gas company, and the world’s second-ranked solar energy operator with SunPower. Our 100,000 employees are committed to better energy that is safer, cleaner, more efficient, more innovative and accessible to as many people as possible. As a responsible corporate citizen, we focus on ensuring that our operations in more than 130 countries worldwide consistently deliver economic, social and environmental benefits. total.com
Cautionary note
This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TOTAL S.A. directly or indirectly owns investments are separate legal entities. TOTAL S.A. has no liability for their acts or omissions. In this document, the terms “Total†and “Total Group†are sometimes used for convenience where general references are made to TOTAL S.A. and/or its subsidiaries. Likewise, the words “weâ€, “us†and “our†may also be used to refer to subsidiaries in general or to those who work for them.
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 TOTAL S.A. 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.
TOTAL S.A.
Mike SANGSTER
Nicolas FUMEX
Patrick GUENKEL
Magali PAILHE
Tel. : + 44 (0)207 719 7962
Fax : + 44 (0)207 719 7959
Robert HAMMOND (U.S.)
Tel. : +1 713-483-5070
Fax : +1
713-483-5629
View source version on businesswire.com: http://www.businesswire.com/news/home/20150720006523/en/
Latest directors dealings
- 1 hour ago Tertiary Minerals
- 1 hour ago Hargreaves Services
- 14 hours ago ASOS
- 14 hours ago MJ Gleeson
- 14 hours ago Rolls-Royce Holdings