Total SA, JV Partners Reach FID on Angolan Kaombo Project

Total SA and its joint venture partners have made a final investment decision (FID) on development of the ultradeepwater Kaombo project on Block 32 offshore Angola thereby reducing its capital expenditure from $20 billion to $16 billion.

Total plans to develop 6 of the 12 discoveries already made on Block 32. The Gengibre, Gindungo, Caril, Canela, Mostarda, and Louro fields cover an area of 800 sq km in the central and southeast part of the block. Start-up is expected in 2017.

Total outlined a development plan including 59 subsea wells, connected through 300 km of subsea lines, to two floating production, storage, and offloading vessels, each with a production capacity of 115,000 b/d. The two FPSOs will be based on conversions of very large crude carriers into production units. Associated gas will be exported to the onshore Angola LNG plant.