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
![](/images/white-fade.png)
Also in this section
26 July 2024
Oil majors play it safe amid unfavourable terms in latest oil and gas licensing bid rounds allowing Chinese low-ball moves
25 July 2024
Despite huge efforts by India’s government to accelerate crude production, India’s dependency shows no sign of easing
24 July 2024
Diesel and jet fuel supplies face a timebomb in just four years, and even gasoline may not be immune
23 July 2024
Rosneft’s Arctic megaproject is happening despite sanctions, a lack of foreign investment and OPEC+ restrictions. But it will take a long time for its colossal potential to be realised