Oil&Gas: CLOV development in Angola approvedThe development of the CLOV project on Block 17 in Angola, in which Norway's Statoil has a 23.33 per cent stake, has been approved by the partners, and the principal contracts awarded. The CLOV project is the fourth development pole in this deepwater block after Girassol, Dalia and Pazflor. In the plan now approved by the partners, drilling is scheduled to commence in 2012 and first oil is expected in 2014. Total E&P Angola operates Block 17, with a 40% interest, alongside Statoil (23.33%), Esso Exploration Angola (Block 17) Limited (20%) and BP Exploration (Angola) Ltd (16.67%). (Press release)
Monday, 16 August 2010 06:42
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Norwegian Statoil and its partners on the Snøhvit field in the Barents Sea have increased the reserves estimate by 20 billion standard cubic metres of gas. (Photo: Melkøya gas terminal)
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The Ministry of Petroleum and Energy has received proposals from 37 companies regarding blocks which the companies wish to see included in the 22nd licensing round.
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