ANGOP - Angola Press News AgencyANGOP - Angola Press News Agency

Go to homepage
Luanda

Max:

Min:

Home » News » Economy

Mon, 24 Aug 2020 09:47 - Updated Mon, 24 Aug 2020 09:47

Total resumes drilling operation in Angola

Luanda -The French oil company Total announced Sunday the resumption of offshore drilling in Angola through the Skyros platform.

Send by email

To share this news by email, fill out the information below and click Send

Correct

To report errors in the texts of articles published, fill out the information below and click Send

TOTAL resumes offshore drilling

Photo: Gaspar dos Santos

According to the announcement published by the Petro Angola website, the oil company has revealed its short and medium term plans for operations in Angola, where it is responsible for around 50% of the oil output.

The plan also foresees two more operations to start in the following week.

Last May, the oil company had announced that there would not be further drilling for crude oil production due to the effects of the pandemic.

In the published note, the company recognized that the crisis caused by Covid-19 and the dramatic drop in oil prices impacted the world economy which was not immune.

In the meantime, the Total has developed an action plan to reduce its investments, including "opex" and the "buy-back" programs.

The company is also focused on projects already approved, such as Zinia Phase 2 and Clov Phase 2 in Block 17 or Curry and East Mustard in Block 32.

Total also guarantees that it is accelerating its offshore activities in Angola and that it will restart well drilling, as well as conducting seismic acquisitions and non-routine production and maintenance operations in both Blocks 17 and 32.

The Skyros platform is already in Block 32 and Maersk Voyager is expected to restart drilling at the end of August, while the West Gemini is expected to restart in the coming weeks, says the note.

 The French oil company thus appears as the first firm to restart non-essential offshore activities in Angola.

Tags Angola  

Read also
  • 21/08/2020 12:02:10

    BCI joins securities with Kz 67.7 billion

    Luanda - The Banco de Comércio e Indústria (BCI) is part of the Central Securities of Angola - CEVAMA, with the share capital set at 67.7 billion Kwanzas.

  • 21/08/2020 08:44:18

    BODIVA highlights aide management skills

    Luanda - The Executive Committee of the Angolan Stock Exchange (BODIVA) highlighted this Thursday in Luanda the management capacity that Cristina Lourenço demonstrated in the process of creating and implementing a structure unit of the Ministry of Finance.

  • 20/08/2020 14:10:06

    Central Bank detects illegal contracts, exchange fraud

    Luanda - The Central Bank of Angola (BNA) has detected a high number of contracts suspected of containing illegal terms, with the irregularities underlying the contract indicating possible capital flight and exchange rate fraud, ANGOP learned last Wednesday.