Contractors Unlimited

CLOV Development in Angola Approved

Statoil logo The development of the CLOV project on Block 17 in Angola has been approved by the partners and the principal contracts awarded. Statoil has a 23.33% stake in Block 17.

The CLOV project is the fourth development pole in this deepwater block after Girassol, Dalia and Pazflor. In the plan now approved by the partners, drilling is scheduled to commence in 2012 and first oil is expected in 2014.

Located around 140 kilometres from Luanda and 40 kilometres northwest of Dalia in water depths ranging from 1,100 to 1,400 metres, the CLOV development will bring on stream four fields: Cravo, Lirio, Orquidea and Violeta.

The overall development plan for CLOV uses technologies that have already proven effective on Girassol, Dalia and Pazflor. A total of 34 subsea wells will be tied back to the CLOV Floating Production, Storage and Offloading (FPSO) unit, which will have a processing capacity of 160,000 barrels of oil per day at plateau and a storage capacity of 1.78 million barrels.

The CLOV FPSO will handle two types of oil: light oil with an API gravity between 32 to 35° API from Oligocene reservoirs (Cravo-Lirio) and a 20 to 30° API gravity oil (more viscous) from Miocene reservoirs (Orquidea-Violeta). Both oil streams will be commingled and processed in one single train before storage.

The installations have been designed to limit the FPSO's environmental impact. Measures include eliminating flaring under normal operating conditions, recovering heat from turbine exhaust and recovering vent gases.

Total E&P Angola operates Block 17, with a 40% interest, alongside Statoil (23.33%), Esso Exploration Angola (Block 17) Limited (20%) and BP Exploration (Angola) Ltd (16.67%).

Statoil in Angola

The Angolan continental shelf is an important contributor to Statoil's production outside Norway. It yielded more than 30 % of Statoil's international production in 2009.

Statoil holds interests in blocks 4/05, 15, 15/06, 17, 31, 34 in Angola.

We have extensive exploration activities in the country, with a number of wells drilled in 2009 and expected to be drilled in 2010 and the coming years. We have interests varying from 5% to 50% in six blocks.

Statoil (OSE: STL, NYSE: STO) is an international energy company headquartered in Norway. It has more than 35 years of experience from oil and gas production on the Norwegian continental shelf and has currently operations in 40 countries. Statoil is among the world's largest offshore oil and gas operators and is seen as a leader in technology and resource management. Statoil has 29,000 employees worldwide, and is listed on the New York and Oslo stock exchanges with a market capitalisation of approximately USD 70 billion. Equity production in 2009 was 1,962 000 boepd and booked reserves of oil and gas is reported at 5.4 billion barrels.

Published 11/08/2010

Share |

Find out more about:

Statoil »

Search for more News

Advertising || About Us || Contact Us || Search || Legal || Tell a Friend
© Copyright 2010 - All rights reserved