Gulf Oil and Gas accountACCOUNT

Total Paves the Way for New Projects in Angola

Source: www.gulfoilandgas.com 12/4/2017, Location: Africa

Share |
Patrick Pouyanné, Chairman and CEO of Total, had an audience Monday with Joao Lourenço, recently elected President of the Republic of Angola, and with Carlos Saturnino, new Chairman of Sonangol, the national oil company.

On this occasion, Total and Sonangol signed several agreements covering both upstream and downstream activities.

'As Angola’s main oil partner, we are pleased with the strong willingness expressed by the country’s new authorities to drive an investment dynamic in the oil and gas sector, essential to the country’s economy, after three years impacted by the sharp drop in prices. 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 Patrick Pouyanné, Chairman and CEO of Total. '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.'

The discussions held resulted in several agreements between Total and Sonangol:

- Zinia Phase 2 project development: Total and Sonangol agreed on the contractual conditions for the development of Zinia Phase 2, enabling a commitment to the final investment decision. Located in Block 17 and operated by Total (40%), Zinia 2 will be connected to the Pazflor FPSO and will produce 40,000 barrels per day.

- Entry on block 48: Total and Sonangol have decided to jointly explore Block 48. This agreement contributes to restarting deep offshore exploration in Angola. The first phase of this program will last for two years with the drilling of one exploration well.

- Extension of cooperation
- Distribution of oil products: Total and Sonangol signed a Memorandum of Understanding (MoU) to develop jointly a retail network in the country including logistics and the supply of oil products.
- Renewable energy: Both companies signed an MoU providing for them to screen jointly opportunities for renewable energy supply in Angola.

For more information about related Opportunities and Key Players visit West Africa Projects

Development News in Angola >>

United Kingdom >>  1/18/2018 - Egdon Resources plc (EDR) can advise the forward plan for the Wressle oil field development following the decision made by the Planning Inspector issu...
Netherlands Antilles >>  1/16/2018 - Tulip Oil Netherlands Offshore B.V. (Tulip Oi), a wholly owned subsidiary of Tulip Oil Holding B.V., is pleased to announce the Final Investment Decis...

Iraq >>  1/14/2018 - The petroleum contracts & licensing directorate of the ministry of oil declared the qualification of 5 different international companies, from 8 compa...
Egypt >>  1/10/2018 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources received Mrs. Maria Moraeus Hanssen, CEO of the German company DEA and the accompanyi...

Mexico >>  1/10/2018 - Byron Energy has announced that the Byron operated OCS G-34266-F3 development well ('F3') is currently, at 3 PM Tuesday, 9th January 2018 USA Central ...
Tanzania >>  1/8/2018 - Aminex is pleased to provide the following operations update on its assets in Tanzania. ...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Angola Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 |

Oil & Gas Projects in Angola >>

More News

 

Oil & Gas Companies in Angola >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.