Total Launches $16 Bln Project Offshore Angola
Africa's second largest crude producer Angola and France's Total officially inaugurated a new deep-sea oil field worth $16 billion in the Atlantic approximately 260 kilometers from the capital Luanda.The Angolan State Minister for Economic and Social Development, Manuel Nunes Junior, the Chairman and CEO of Total, Patrick Pouyanné, and the Chairman of the Board of Directors of Sonangol, Carlos Saturnino, inaugurated the Kaombo project, which came on stream in July and is located in Block 32, in waters of about 2…
Angola to Export 49 Crude Oil Cargoes in Oct.
* Angola will export 49 cargoes of crude oil in October after 4 cargoes of new grade Gindungo were added to the preliminary programme, a trade source with direct knowledge said* The volume is up from 47 cargoes in September* The Gindungo grade first appeared in the September programme and the oil comes from a field at Total's major Kaombo project offshore AngolaReporting By Julia Payne
Total Starts Production at Offshore Angola's Kaombo Project
French energy group Total said on Friday that it had started production at the Kaombo project, which is currently the biggest, deep offshore development in Angola.Kaombo Norte, the first 'Floating Production Storage and Offloading' (FPSO) unit, was successfully brought on stream and will produce an estimated 115,000 barrels of oil per day, while the second one - Kaombo Sul - is set to start up next year, said Total.The overall production will reach an estimated 230,000 barrels of oil per day at peak and the associated gas will be exported to the Angola LNG plant."The Kaombo start up is a great milestone for Total.
First Vessel Due to Pump Angola's Kaombo Oil Block Heading to Africa -Total
The first vessel that will pump and store oil for Angola's 230,000 barrel per day Kaombo project is en route to the West African nation, operator Total said on Thursday. The Kaombo oil block will produce its first oil this summer, Total said. Once it is fully up and running, it will add roughly 14 percent to the OPEC member nation's average 2017 output of 1.632 million bpd. The Kaombo Norte floating production, storage and offloading (FPSO) vessel left Singapore earlier this week, Total said. The vessel has a capacity to pump 115,000 bpd, half the oil block's eventual production.
FUGRO Provides Offshore Survey at Flagship Angolan Project
Fugro is to provide offshore survey and positioning services at the Kaombo oil development offshore Angola. Under a contract awarded by Technip, Fugro will provide offshore deepwater survey and positioning services to a total of seven installation vessels and construction support vessels. The number of vessels as well as the stringent schedule for the work requires complex simultaneous operations. Described by operator Total as ‘a new frontier in Angolan oil and gas,’ Kaombo is a landmark project that presents significant geological and technical challenges.
'Selfish' Oil Firms Relish New Production Despite Glut
New fields to add 3 mln bpd of oil in 2016; could delay market rebalancing. As oil firms scrap dozens of billions worth of mega projects essential for supplies in decades ahead, fresh output from huge fields already being developed is set to weigh for many more months on an oil market struggling to shake off a glut. A collapse in oil prices over the past 20 months to below $30 a barrel has taken a heavy toll on production around the world, reversing spectacular growth in U.S. shale oil and halting plans to develop costly and complex fields deep in oceans or treacherous seas such as the Alaska Arctic.
Exova Wins Angola Offshore Contract
Exova informs it has been awarded a £2.5 million contract by CRC–Evans Offshore to provide pipeline material, welding and AUT qualification testing for the Kaombo Project offshore Luanda in Angola. Pipelaying is expected to begin early 2016 on the ultra-deepwater offshore project which will involve 59 subsea wells connected by 300km of pipelines at water depths of 1,400m down to 1,950m. As well as AUT validation, the preproduction qualification requirements include mechanical testing, fracture mechanics, fatigue and sulphide stress cracking corrosion tests.
DNV Awarded MWS Contract for Kaombo Project
Total E & P Angola has awarded the Marine Warranty Services (MWS) contract for their flagship Kaombo project. Angola is a country of strategic importance for Total and Kaombo will secure the sustainable growth of Total E & P Angola’s offshore resources. Delivered by DNV GL’s Noble Denton Marine Assurance service area, the MWS activities will focus upon the review of the design documentation and the execution of critical marine operations. The MWS team will support Kaombo project teams in assuring the project transportation and installations are conducted to recognized guidelines, standards and client internal requirements.
Total's Major African Projects Safe from Oil Collapse Cuts
Total's major oil and gas projects in Africa will not be stopped by the sudden fall in crude oil prices and will help the French company meet its long-term production targets, a top executive said on Tuesday. Total has bet on a string of African projects such as Egina in Nigeria, Kaombo in Angola and Moho in the Republic of Congo to help it boost production to a target of 2.8 million barrels of oil equivalent per day in 2017. These are west African projects in deep and ultra-deep water -- an area where Total is a self-proclaimed specialist but that require costly technologies.
Sembawang Shipyard to Convert 2 FPSOs for Kaombo Project, Angola
Sembcorp Marine’s wholly-owned subsidiary Sembawang Shipyard has secured a Floating Storage Production Offloading (FPSO) conversion contract worth about S$600 million from Saipem SA, France for the conversion of Two FPSOs for the Kaombo Project in Offshore Angola. Sembawang Shipyard was awarded this milestone contract on the strength of its capabilities and established track record in the field of FPSO conversion, modification and upgrading work. Under the contract, the Shipyard is responsible for the conversion…
Angola: Tender for 12 Offshore Oil Blocks
Angolan state oil company Sonangol plans to launch a tender for licences to explore 12 new offshore oil blocks in 2015, state news agency Angop cited Oil Minister Jose Botelho de Vasconcelos as saying on Friday. Seven of the new blocks will be located in the Namibe Basin and the remaining five in the Lower Congo Basin, a Sonangol spokesman told Reuters. Angola is Africa's biggest oil producer after Nigeria, with international majors such as France's Total, Italy's ENI, Britain's BP, and U.S. firms Chevron and Exxon Mobil among the main operators in the country.
Exxon Mobil's Angola Project To Hit 160,000 Barrels
Exxon Mobil Corporation today announced the CLOV project in Angola started up on schedule and is expected to reach daily production capacity of 160,000 barrels in the coming months. CLOV is the fourth major development hub of Total-operated Block 17, after Girassol, Dalia and Pazflor. An ExxonMobil affiliate has a 20 percent working interest in CLOV, which will produce oil from the four fields of Cravo, Lirio, Orquidea and Violeta at water depths ranging from 3,600 feet to 4,593 feet. “Block 17, along with Esso Angola-operated Block 15…
