CAPE TOWN, July 23 (Reuters) - Angola's offshore CLOV
Phase 3 development started oil production on Wednesday, adding
30,000 barrels per day to the country's output, its national oil
and gas agency said.
Located in Block 17, the satellite project will be linked to
an existing floating production storage and offloading vessel
and will help Angola maintain its overall production above 1
million bpd, government and company officials said.
Sub-Saharan Africa's second-largest oil producer after
Nigeria, Angola has revamped its oil and gas regulations to
attract energy companies and help stabilise oil production that
has declined because of maturing fields since reaching a peak of
around 2 million bpd in 2008.
"This is good news for the country. First oil is always very
important," Paulino Jerónimo, chairman of the board of directors
of the National Agency for Oil, Gas, and Biofuels said in a
statement.
Block 17 is operated by TotalEnergies with a 38%
stake, together with Equinor ( EQNR ) (22.16% stake),
ExxonMobil ( XOM ) (19%), Azule Energy (15.84%) and Sonangol E&P
(5%).
(Reporting by Wendell Roelf;
Editing by Alexander Winning and Emelia Sithole-Matarise)