The final investment decision for the Begonia Development Area, located in the Lower Congo maritime basin, about 150 kilometres off the Angolan coast, has already been made.
The announcement was made by ANPG, TotalEnergies and the partners of Block 17/06.
The National Oil, Gas and Biofuels Agency (ANPG), TotalEnergies and its partners in Block 17/06 announce the final investment decision for the Begonia Development Area, located in the Lower Congo maritime basin, about 150 kilometres off the Angolan coast.
The Begonia reservoir will be developed through five subsea wells (three production and two water injection wells), connected to the FPSO Pazflor floating production, storage and offloading unit, in production since 2011 in Block 17. The first oil, expected in the first half of 2025, will increase FPSO Pazflor’s production by about 30,000 barrels of oil per day.
Begonia is the second project operated by TotalEnergies in Angola to benefit from innovative engineering and a new contractual framework for the standardisation of the Subsea Production System, capable of reducing costs by up to 20% and speeding up the acquisition process.
For the Chairman of the Board of Directors of the National Oil, Gas and Biofuels Agency, Paulino Jerónimo, Begónia’s final investment decision “is fundamental to sustain production in Angola, optimising existing assets and resources. The National Concessionaire will continue to do everything it can for the operators and their partners to have the best opportunities to expand and increase their activity in our country and to contribute to increasing the productivity and efficiency of our oil sector.
The General Manager of TotalEnergies in Angola, Olivier Jouny, points out that “this first subsea development of inter-block connection will maximize the use of the Pazflor infrastructure, reducing costs and carbon intensity, in line with TotalEnergies’ strategy. In this emblematic block, TotalEnergies shows its leadership in deep offshore, at low cost (less than 20 dollars per barrel), thanks in particular to the standardization of the subsea equipment”. The official added that “this final investment decision comes before the expected signing of the concession for the Quilemba solar power plant in Lubango, which shows TotalEnergies’ focus and multi-energy development in Angola.
With an investment of $ 850 million, the development project will involve 1.3 million man-hours of work, 70% of which will be carried out in Angola, mainly in the Luanda industrial base, and offshore. TotalEnergies operates Block 17/06 with a 30% stake, together with Sonangol P&P (20%), SSI (27.5%), Somoil (10%), ACREP (5%) Falcon Oil (5%) and PTTEP (2.5%).
08/01/2022
