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Wednesday, May 30, 2018
Total and its partners on Block 17 offshore Angola have taken the FID to launch the Zinia 2 deep offshore development. The Zinia 2 project will have a production capacity of 40,000 bpd, sustaining Pazflor field production, on stream since 2011.
Zinia 2 is the first of several possible short-cycle developments on Block 17 that will unlock its full potential by connecting satellite reservoirs to the existing FPSO units.
“Zinia 2 opens a new chapter in the history of Block 17. This project will allow to extend the profitability of this prolific block, with over 2.6 billion barrels already produced. Thanks to the favorable fiscal framework introduced by the Angolan authorities for satellite developments, other projects similar to Zinia 2 are currently under consideration on Block 17,” said Arnaud Breuillac, President of Total Exploration & Production.
“The project is also a good example of capex discipline and cost optimization: the work carried out to simplify the design while capturing deflation allowed the partners to cut the development costs by more than a half,” Breuillac added.
Zinia 2 comprises nine wells in water depths ranging from 600 to 1,200 meters, tied back to the Pazflor FPSO with a budget of $1.2 billion.
Total operates Block 17 with a 40% interest, alongside affiliates of Equinor (23.33%), ExxonMobil (20%), and BP (16.67%). Sonangol, is concessionaire. It has four FPSOs — Girassol, Dalia, Pazflor and CLOV. In 2017, its production averaged 600,000 bpd.
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