Zinia Phase 2 was developed on schedule and 10pc below budget
Angola brings new deepwater project online
Production at Zinia Phase 2 comes after years of upstream stagnation
Angola’s Zinia Phase 2 field has started production and is expected to reach 40,000bl/d oe by mid-2022. The project is a brownfield, short-cycle oil development in the wider block 17, which is operated by France’s Total with a 38pc stake. The other shareholders are Norway’s Equinor (22.16pc), ExxonMobil (19pc), BP (15.84pc) and NOC Sonangol (5pc). Zinia Phase 2 connects to the existing Pazflor FPSO and was developed on schedule and 10pc below budget, resulting in a saving of $150mn, even amid pandemic disruption. Total’s decision to proceed on the project in 2018 marked Angola’s first deepwater FID in four years and came as the country began reforms intended to revive its stalled upstream
Also in this section
9 January 2026
The Latin American producer’s crude prospects rely on a multi-pronged approach where even the relatively easy wins will take considerable time, effort and cost
9 January 2026
While many forecasters are reasserting the importance of oil and gas, petrostates should be under no illusion things are changing, and faster than they might think
8 January 2026
Indonesia and Malaysia are at the dawn of breathtaking digital capabilities. Their energy infrastructure must keep up with their ambitions
8 January 2026
The next five years will be critical for the North Sea, and it will be policy not geology that will decide the basin’s future
