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PARIS - TotalEnergies (NYSE:TTE) has commenced production from two offshore projects in Angola, BEGONIA and CLOV Phase 3, adding a combined 60,000 barrels of oil per day to the company’s production capacity, according to a press release issued Wednesday.
The projects utilize existing infrastructure by connecting to floating production, storage and offloading units (FPSOs) already in operation, which the company said results in lower costs and reduced carbon emissions.
BEGONIA, located 150 kilometers off Angola’s coast, is producing 30,000 barrels per day through five wells connected to the PAZFLOR FPSO. The project represents the first inter-block development in Angola and is operated by TotalEnergies with a 30% stake, alongside partners Sonangol E&P (30%), SSI (27.5%), ETU Energias (7.5%), and Falcon Oil (5%).
CLOV Phase 3, situated 140 kilometers offshore, is also producing 30,000 barrels per day with four wells tied back to the CLOV FPSO. TotalEnergies operates this project with a 38% interest, with partners including Equinor (22.16%), ExxonMobil (NYSE:XOM) (19%), Azule Energy (15.84%), and Sonangol E&P (5%).
"TotalEnergies, operator of Block 17 and 17/06, continues to actively deliver its low-cost and low-emissions developments to grow its upstream production by more than 3% in 2025," said Nicolas Terraz, President of Exploration & Production at TotalEnergies.
Paulino Jerónimo, Chairman of Angola’s National Agency for Petroleum, Gas and Biofuels, noted that these projects will help Angola maintain oil production above 1 million barrels per day.
TotalEnergies has operated in Angola since 1953 and currently employs approximately 1,500 people across various business segments in the country, according to the company statement.
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