EduBourseActualitésTotal launches development of Rosa field in Angolan Deep Offshore

Total launches development of Rosa field in Angolan Deep Offshore

State-owned Sociedade Nacional de Combustíveis de Angola (Sonangol) has authorised Total, as Block 17 operator, to award the main contracts to initiate development of the Rosa oil field. Discovered in 1998, Rosa is located 135 kilometres offshore Angola in water depths ranging from 1,300 to 1,500 metres.

The Rosa development will require 25 sub-sea wells – 14 producers and 11 injectors – tied back to the Girassol floating production, storage and offloading (FPSO) vessel, anchored around 15 kilometres away. Modifications to the FPSO will increase the yearly average production rate to 250,000 barrels a day.

Rosa is the second field to be tied back to the Girassol FPSO, after the Jasmim field in late 2003. It is scheduled to come on stream in the first half of 2007, raising and prolonging the peak production of the Girassol FPSO.

After the Dalia project was kicked off in May of 2003, to constitute a second development pole on Block 17, the launch of Rosa is a further milestone in enhancing the asset value of the block, where 15 discoveries have been made.

Sonangol is the Block 17 concessionaire. Total Angola has a 40% participatory interest in the block, alongside Esso Exploration Angola (Block 17) Ltd. (20%), BP Exploration (Angola) Ltd. (16.67%), Statoil Angola Block 17 AS (13.33%) and Norsk Hydro (10%).

Total is ranked among the leading international oil companies on the African continent with a production of 723 000 barrels of oil equivalent per day in 2003. In Angola, the Group operates the offshore Blocks 3 and 32 in addition to Block 17 and the onshore blocks FST and FS. Total is also a partner in Blocks 0, 2, 14, 31 and 33. The company’s equity production in Angola reached 160 000 barrels of oil a day last year.

Pierre Perrin-Monlouis
Pierre Perrin-Monlouis
Fondateur de Rente et Patrimoine (cabinet de gestion de patrimoine), Pierre Perrin-Monlouis est un analyste et trader pour compte propre. Il vous fait profiter de son expérience en trading grâce à ses analyses financières et décrypte pour vous les actualités des marchés. Son approche globale des marchés combine à la fois l'analyse technique et l'analyse fondamentale sur l'ensemble des marchés : crypto, forex, actions et matières premières.