The Cameia and Golfinho oil fields, in block 20/11, positioned 100 kilometers off the coast of Luanda, acquired this Monday, the twentieth, an funding of greater than six billion US {dollars}, ensuing from an settlement concerning the Final Investment Decision (FID), to spice up the Kaminho challenge.
The settlement was initialed by the President of the Board of Directors of the National Agency of Petroleum, Gas and Biofuels, Paulino Jerónimo, and by the General Director of TotalEnergies Angola, Martin Deffontaines, within the presence of the Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, as well as from completely different entities from the Ministries of Finance, Environment, and the Government of the Province of Luanda.
The Final Investment Decision for the Cameia and Golfinho Fields will increase the Kaminho challenge, which entails the conversion of a VLCC (Very Large Crude Carrier) class tanker right into a Production, Storage and Offloading Unit (FPSO), linked to a manufacturing community underwater. The challenge foresees greater than 10 million hours of labor in Angola, primarily in offshore operations and development actions in native shipyards.
During his intervention, Minister Diamantino Azevedo highlighted the significance of the partnership between TotalEnergies, Sonangol and Petronas for the implementation of Kaminho.
“The completion of this partnership is extraordinarily vital for us, as is its contribution to Sonangol rising its share as an operator in Angola. It can be vital that the contracts signed embody the inclusion of nationwide firms and contribute to the event of much-needed native content material. I keep in mind that there are greater than 10 million hours of labor in Angola, largely carried out by these firms”, he mentioned.
TotalEnergies was current on the occasion with a delegation led by the President and General Director, Patrick Pouyanné.
The National Oil, Gas and Biofuels Agency (ANPG), TotalEnergies and the companions of the Block 20/11 contractor group signed in the present day the settlement concerning the Final Investment Decision (FID) of the Cameia and Golfinho Fields, positioned 100 kilometers from coast of Luanda. The growth of those two fields is a part of the Kaminho challenge, budgeted at 6 billion {dollars}.
For the President of the Board of Directors of ANPG, Paulino Jerónimo, “the primary growth within the maritime space of the Kwanza basin is vital to indicate the opening of recent oil frontiers in Angola, and is a part of the technique we’re implementing to maintain Angola within the high of the checklist of African oil producers and to generate vital income for our financial system”.
The President of TotalEnergies, Patrick Pouyanné, praised the steady enterprise atmosphere in Angola.
“Based on our pioneering spirit and our long-term partnership with Angola, we’re very proud to launch the Kaminho challenge along with our strategic companions Sonangol and Petronas, with strong help and belief from the Angolan authorities. This challenge consists of expertise aligned with our low-cost portfolio and fascinating low emissions, being our seventh FPSO within the nation and the primary growth within the Kwanza Basin”, he mentioned.
Designed to reduce greenhouse fuel emissions and utterly remove routine fuel flaring, this FPSO is totally electrical and could have the related fuel being utterly reinjected into the reservoirs. The begin of manufacturing is scheduled for 2028, with a manufacturing plateau of 70,000 barrels of oil/day.
In collaboration with Sonangol EP within the decarbonization of the oil and fuel trade At one other level within the ceremony, ANPG witnessed the signing of the Memorandum of Understanding for the sharing of experiences in Research & Development, between TotalEnergies and Sonangol EP, throughout the framework of decarbonization of the oil and fuel trade, with a powerful concentrate on lowering methane emissions and rising the manufacturing of renewable vitality.
The TotalEnergies and Sonangol EP Research & Development groups work collectively on the implementation and operation of laboratories, in addition to creating expertise in reservoir geology and electrification processes, together with photovoltaics and hydroelectric vitality.
“We are optimistic about becoming a member of our efforts with these of Sonangol in Research & Development to realize vital advances in innovation and expertise for your entire vitality trade in Angola, notably to decarbonize, reduce methane emissions and help the diversification of the matrix of Angola”, mentioned the President and General Director of TotalEnergies, Patrick Pouyanné.
