Zinia Phase 2 was developed on schedule and 10pc below budget
Angola brings new deepwater project online
Production at Zinia Phase 2 comes after years of upstream stagnation
Angola’s Zinia Phase 2 field has started production and is expected to reach 40,000bl/d oe by mid-2022. The project is a brownfield, short-cycle oil development in the wider block 17, which is operated by France’s Total with a 38pc stake. The other shareholders are Norway’s Equinor (22.16pc), ExxonMobil (19pc), BP (15.84pc) and NOC Sonangol (5pc). Zinia Phase 2 connects to the existing Pazflor FPSO and was developed on schedule and 10pc below budget, resulting in a saving of $150mn, even amid pandemic disruption. Total’s decision to proceed on the project in 2018 marked Angola’s first deepwater FID in four years and came as the country began reforms intended to revive its stalled upstream
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