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Angola - France's Total will strengthen its position as top crude operator in Angola by starting production from a new project in the second quarter of 2014.
This project will raise output by 160 000 barrels per day, according to its country director.
Jean-Michel Lavergne said the $8bn CLOV project, named after the Carnation, Lily, Orchid and Violet fields.
He said it would add to a combined output of 600 000 barrels per day from its Girassol, Dalia and Pazflor deepwater fields in the huge Block 17 that Total operates in Africa's number 2 oil producer.
The French company has a 40 percent stake in the block, where its partners are Statoil , BP and Exxon Mobil unit Esso Angola.
"Total already produces a third of the oil in Angola and this will take the company beyond that," Lavergne told reporters during a visit to the company's new floating production storage and offtake (FPSO) vessel.
The $2bn vessel has been docked at Porto Amboim, 300km south of the capital Luanda, since November 8 after arriving from South Korea and will sail to Block 17 in January.
Output from some of Total's older projects will naturally decline in coming years, but Total is looking at new projects to replace and add to them, Lavergne said.
Lavergne said Total had found reserves of 600m barrels of oil in a project that may produce 200 000 barrels per day and is conducting an economic viability study to decide later this year or early next whether to proceed.
"It is the next big development of Total's table," he said.
Looking further ahead, Lavergne said the next challenge in Angola's oil sector was drilling thousands of metres under the seabed of the Kwanza Basin, through blocks known as pre-salt, which investors hope could match huge discoveries in similar formations off Brazil.
South Sudan
Total SA hopes to secure at least two thirds of a massive oil block in South Sudan, which it held the rights to before it was split up to entice other firms.
Officials in Juba said in September they would divide the group's 120 000km² concession, known as Block B, into three parts to speed up exploration in the area.
"We will manage, if possible, to get the whole block. If there is a tender we will tender for the third block. But today, we can get two (thirds)," Antonin Fotso, Total's head of exploration and production in South Sudan, told Reuters.
Total's partners in the block are Kuwaiti company Kufpec and South Sudan's Nile Petroleum.
Exxon Mobil was also likely to join the venture, but its participation has not yet been confirmed, Fotso said.
This project will raise output by 160 000 barrels per day, according to its country director.
Jean-Michel Lavergne said the $8bn CLOV project, named after the Carnation, Lily, Orchid and Violet fields.
He said it would add to a combined output of 600 000 barrels per day from its Girassol, Dalia and Pazflor deepwater fields in the huge Block 17 that Total operates in Africa's number 2 oil producer.
The French company has a 40 percent stake in the block, where its partners are Statoil , BP and Exxon Mobil unit Esso Angola.
"Total already produces a third of the oil in Angola and this will take the company beyond that," Lavergne told reporters during a visit to the company's new floating production storage and offtake (FPSO) vessel.
The $2bn vessel has been docked at Porto Amboim, 300km south of the capital Luanda, since November 8 after arriving from South Korea and will sail to Block 17 in January.
Output from some of Total's older projects will naturally decline in coming years, but Total is looking at new projects to replace and add to them, Lavergne said.
Lavergne said Total had found reserves of 600m barrels of oil in a project that may produce 200 000 barrels per day and is conducting an economic viability study to decide later this year or early next whether to proceed.
"It is the next big development of Total's table," he said.
Looking further ahead, Lavergne said the next challenge in Angola's oil sector was drilling thousands of metres under the seabed of the Kwanza Basin, through blocks known as pre-salt, which investors hope could match huge discoveries in similar formations off Brazil.
South Sudan
Total SA hopes to secure at least two thirds of a massive oil block in South Sudan, which it held the rights to before it was split up to entice other firms.
Officials in Juba said in September they would divide the group's 120 000km² concession, known as Block B, into three parts to speed up exploration in the area.
"We will manage, if possible, to get the whole block. If there is a tender we will tender for the third block. But today, we can get two (thirds)," Antonin Fotso, Total's head of exploration and production in South Sudan, told Reuters.
Total's partners in the block are Kuwaiti company Kufpec and South Sudan's Nile Petroleum.
Exxon Mobil was also likely to join the venture, but its participation has not yet been confirmed, Fotso said.
