Total and its joint venture partners have made the final investment decision to develop the ultra-deep offshore Kaombo project in Angola. With a production capacity of 230,000 barrels per day, Kaombo will develop estimated reserves of 650 million barrels. Following an intensive optimization exercise, the project's capital expenditure to reach full capacity was reduced by $4 billion to $16 billion, with an expected startup in 2017.
Located 260 kilometers offshore Luanda in water depths ranging from 1,400 to 1,900 meters, the Kaombo project will develop six of the 12 discoveries already made on Block 32. The six fields (Gengibre, Gindungo, Caril, Canela, Mostarda, and Louro) cover an area of 800 square kilometers in the central and southeast parts of the block.
The Kaombo development includes 59 subsea wells, connected through 300 kilometers of subsea lines, to two floating production, storage and offloading (FPSO) vessels, each with a production capacity of 115,000 barrels per day. 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.
Total is the operator of Block 32, with a 30% stake, alongside Sonangol P&P (30%), Sonangol Sinopec International (20%), Esso Exploration and Production Angola (Overseas) Ltd. (15%), and Galp Energia (5%).
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