CLOV Phase 3

CLOV Phase 3 Oil Project Profile

Location and Geology

• The CLOV Phase 3 Oil Project is located in Block 17, offshore Angola, approximately 140 kilometers from Luanda. The project operates in water depths ranging between 1,100 and 1,400 meters.

Project Units

• The project involves the development of four oil and gas fields: Cravo, Lirio, Orquidea, and Violeta. These fields are part of the broader CLOV development project.

Status and Timeline

• The project is currently in development, with a Final Investment Decision (FID) made in June 2022. Production is expected to start in 2025.

Operators and Ownership

• The project is operated by TotalEnergies, which holds a 38% interest. Other partners include Equinor (22.16%), ExxonMobil (19%), BP Exploration Angola (15.84%), and Sonangol Pesquisa e Produção (5%).

Production and Reserves

• The CLOV Phase 3 project is expected to boost Angola’s oil output by 30,000 barrels per day (bpd) once it comes online. The project's reserves are classified as 60 million barrels of liquids.
• The broader CLOV project, including previous phases, has estimated proved reserves of over 500 million barrels to support production over a period of 20 years.

Infrastructure and Technology

• The project will utilize standardized subsea equipment, a strategy that is expected to reduce costs by up to 20%. This approach is part of TotalEnergies' initiative to streamline and sustainably develop oil resources.
• The development will involve subsea wells tied back to the existing CLOV Floating Production, Storage, and Offloading (FPSO) unit. The FPSO has a production capacity of 160,000 bpd of crude oil and a gas treatment capacity of 6.5 million cubic meters per day.

Environmental and Sustainability Aspects

• The CLOV FPSO is designed with an "all-electric" concept to increase energy efficiency and minimize environmental footprint, including zero flaring under normal operating conditions.

Economic and Social Impact

• The project is part of Angola's strategy to maximize revenue from its offshore oil reserves to support economic growth and transition to renewable energy. It also aims to enhance local content, skill development, and reduce energy poverty by improving access to high-quality fuels.

Contractors and Suppliers

• Various contractors have been involved in the CLOV development, including GE Oil & Gas for gas turbines and compressors, Subsea7 for subsea pipelines and infrastructure, and Daewoo Shipbuilding & Marine Engineering (DSME) for the FPSO construction.

In summary, the CLOV Phase 3 Oil Project is a significant development in Angola's offshore oil sector, leveraging advanced technologies and sustainable practices to enhance oil production while contributing to the country's economic and social development.