Reuters: Total to make Kaombo FID on Monday?

French oil giant Total will proceed with the development of the deepwater Kaombo block, offshore Angola.

According to Reuters, the company’s CEO Christophe de Margerie said that the company has managed to cut the project investment cost from $20 billion to $16 billion, and was near the final investment decision.

The final investment decision could be made as early as Monday morning, Reuters has reported citing a source familiar with the matter.

The Kaombo development is located in the Block 32 where Total is the operator with a 30% share. The other partners are Sonangol (20%), China Sonangol Petroleum (20%), Exxon (15%), Marathon Oil (10%) and Galp (5%).

Plans call for the production of several oil deposits dispersed among the Gindungo, Gengibre, Canela, Mostarda, Louro, Salsa and Caril fields in the central and southeastern sections of the block, in water depths of 1,500 m.

According to information on Total’s website, the reservoirs will be linked to two Floating Production, Storage and Offloading (FPSO) vessels. Each FPSO will have  a capacity of 100,000 barrels per day.

Kaombo

 

Offshore Energy Today Staff, April 11, 2014

 

 

Share this article

Follow Offshore Energy Today

Events>

<< Oct 2019 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

Executive Oil Conference & Expo 2019

Executive Oil Conference and Exhibition is a unique opportunity to meet with all of the region’s…

read more >

Oil & Gas Vietnam 2019

Oil & Gas Vietnam (OGAV) 2019 is the only specialized oil & gas event in Vietnam that brings together an international congregation of both upstream and downstream oil and gas companies and also its supporting industries gathered in the heart of Vietnam’s oil and gas industry in Vung Tau, to showcase the latest developments in the oil and gas industry.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply