Block 17 operators are the National Oil, Gas and Biofuels Agency (ANPG) and Total.
The Zinia short cycle project includes the drilling of nine wells, with an estimated total capacity of 65 million barrels of oil equivalent, according to a press release reached ANGOP Thursday.
The “Brownfield” project includes drilling nine wells and is expected to reach a production of 40,000 barrels of oil equivalent per day, in mid-2022, the note explains.
Located in deep waters of 600 to 1,200 meters and about 150 kilometers from the Angolan sea coast, the development of this project was carried out within the initially established schedule and with investment costs more than 10 percent below the initial budget, representing an economy of USD 150 million.
The note also clarifies that the work carried out corresponds to more than three million hours, of which two million were performed in Angola, without any incident.
ANPG CEO, Paulino Jerónimo, described the second phase of Zinia as a key project for Angola, stating the project has come at the right time to sustain the country’s production.
He highlighted the importance of the partnership between Total Angola and the partners of Block 17 because together they continue to invest in the development of the country’s oil resources.
Block 17 is operated by Total, with a 38 percent stake, Equinor (22.16%), ExxonMobil (19%), BP Exploration Angola Ltd (15.84%), and Sonangol P&P (5%).
The contractor group operates four FPSO in the main production areas of the Block, namely Girassol, Dália, Paz Flor, and Clov.