TTE - TotalEnergies fires up CLOV Phase 2 production offshore Angola

TotalEnergies (NYSE:TTE) says it has started production from the second phase of its deepwater CLOV development off the coast of Angola, which is estimated to contain ~55M boe of resources. The project involved drilling seven wells tied back to the existing CLOV floating production storage and offloading vessel, and it is expected to reach production of 40K boe/day by by mid-2022. "The start of the production of CLOV Phase 2, a few months after Zinia Phase 2, demonstrates our continuous efforts to ensure a sustainable output on Block 17," the company says. The offshore Block 17 is operated by TotalEnergies with a 38% stake, with partners Equinor (NYSE:EQNR), Exxon Mobil (NYSE:XOM), BP and state-owned Sonangol. Also on the African continent, TotalEnergies recently signed agreements for the development of Libya's natural resources.

For further details see:

TotalEnergies fires up CLOV Phase 2 production offshore Angola