TOTAL Progresses New Oilfield Projects After Egina and Kaombo - Africa’s premier report on the oil, gas and energy landscape.

TOTAL Progresses New Oilfield Projects After Egina and Kaombo

By Fred Akanni

With two huge deepwater projects now close to first oil, French major TOTAL is progressing two relatively minor, field developments offshore Nigeria and Angola, its African heartlands.

Ikike, in shallow offshore Nigeria and Zinia Phase 2, in deepwater Angola, are prognosed to deliver 40,000BOPD each at peak from sometime after 2019.

Angola’s Kaombo and Nigeria’s Egina, each expected to produce at least 200,000BOPDat optimum, will reach first oil latest January 2019.

TOTALholds 40% operatorship in the acreages that host these two projects; The Ikike field is located in the eastern part of the Oil Mining Lease (OML) 99, which also hosts the iconic Amenam-Kpono field. The Zinia 2 project is domiciled in Block 17, TOTAL’s most prolific hydrocarbon property on the continent. It will be connected to the Pazflor FPSO.

TOTAL has been one of the three most aggressive major operators in Africa, with a mix of rank wildcat exploration acreage, near term assets and producing properties.

The company has signed high level cash call exit with Nigeria’s NNPC-which means that the Ikike project will be funded outside the Nigerian official budget. In Angola, TOTAL’s CEO Patrick Pouyanné, recently concluded a range of cooperation agreements with Sonangol, the state hydrocarbon entity.

Share Article


No comments yet.

Leave a comment

Comment form

All fields marked (*) are required

© 2024 Festac News Press Ltd..