Thursday , March 30 2023

Angola: Total, starting a new deep-sea oil field


Angola opened a new deep-sea oil field on November 10th. It is managed by the French Group Total and can help improve the export earnings of the second largest oil producer in Africa, where the economy has largely shrunk since the fall of crude oil in 2014.

At a cost of $ 16 billion, the Kaombo oil field was launched 250 kilometers away from the capital Luanda on November 10.

Two ships of more than 300 meters in length are extracted from six lumps of oil over 800 square kilometers and are roughly equivalent in area to the three areas surrounding Paris and the French capital.

Diversification of economy

We also had to build a tube network of over 300 km, with a depth of 2,000 m. This is a world record according to the French group Total, which runs projects involving companies in Angola, China, the US and Portugal.

Kaombo Norte, the first of two production, began production in July. The second, Kaombo Sul, should take office in the middle of next year. Both vessels are expected to produce 230,000 barrels per day, or 15% of the current output of Angola.

At this rate, the new marine field, estimated at 660 million barrels, should be produced for at least seven years. What makes the current government support the diversification of the Angolan economy, which depends on hydrocarbons today?

" #Angola has started #Kaombo a major subsea project. I am very proud and impressed with all of our team! We also met with President João Lourenço and reaffirmed @ Total's commitment to the country, with a new investment plan. ", Wrote the CEO of Total, Patrick Pouyanné on his Twitter account.

►A (Listening): African Economy: New Projects in Angola

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