EnergyWatch

Total commences large project in Angola below budget

The French oil major has commenced extraction efforts at project Zinia Phase 2 in Angola, which is expected to provide 40,000 bpd as of next year.

Photo: Sarah Meyssonnier/REUTERS / X07453

Production has commenced at prospect Zinia Phase 2, a part of Block 17 in Angola, confirms the oil endeavor's operator, Total.

This happened at a cost level 10 percent below budget, meaning USD 150m has been cut in advance from the planned expenses.

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