A FPSO vessel expected to kick off oil production later this summer from Angola’s Kaombo project has arrived on site, French oil and gas major Total (NYSE: TOT) said on April 27.
A spokeswoman said the 115,000 barrels per day (bbl/d) capacity vessel, the first of two FPSOs expected to operate in the field, had arrived in Angola after leaving Singapore in March.
Total, the operator of the 230,000 bbl/d Kaombo project, in which it has a 30% stake, said on April 26 that it was counting on this and other projects to exceed its oil and gas production target by over 6% in 2018.
The firm reported a record quarterly production in the first three months of the year.
Angola’s Sonangol holds 30% stake in the Kaombo Block 32 ultradeep sea project, while Angolan-Chinese joint venture Sonangol Sinopec International has 20%. ExxonMobil’s Esso unit holds 15% and Portugal’s Galp 5%.
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