CLOV to add 37.000 boepd to Statoil’s Angola production
- Business & Finance
The large, Total-operated CLOV field in Block 17 offshore Angola which came on stream on June 12 will add up to Statoil’s oil production.
Norwegian oil giant’ Statoil has a 23.33% interest in Block 17, which is operated by Total (40%). The other CLOV partners are Esso Exploration Angola (Block 17) Limited (20%) and BP (16.67%). Sonangol is the block’s concessionaire.
Lars Christian Bacher, Statoil’s executive vice president for Development and Production International.
“CLOV is important for our development in Angola and a key milestone, adding about 37,000 barrels of equity oil per day (b/d) at plateau for Statoil,” says Lars Christian Bacher, Statoil’s executive vice president for Development and Production International.
Located 150 kilometers off Luanda in water depths ranging from 1,100 to 1,400 meters the field has some 500 million barrels of estimated proved and probable oil reserves.
The field will gradually ramp up to its peak production capacity of 160,000 b/d over the next few months. The project includes 34 wells and 8 manifolds connected by 180 km of subsea pipelines to a Floating Production Storage and Offloading (FPSO) unit. Statoil is a partner in producing fields in Blocks 4/05, 15, 17 and 31 in Angola and the operator of Blocks 38 and 39, which are presently in the exploration phase. Statoil’s equity production from Angola in 2013 was about 200,000 b/d, representing about 10% of Statoil’s total production.