France’s Total said that it expects its oil production in Angola to increase by at least a third in the next two years as a new offshore oilfield comes on stream.
Total’s vice-president for exploration and production operations in Angola, Frederic Cegarra, said that Pazflor, which is due on stream in 2011, should add 200,000 barrels per day to the company’s output, reported Reuters.
Total is already Angola’s second-biggest oil producing company after ExxonMobil.
The company is responsible for operating oilfields with an output of about 530,000bpd of oil in 2008.
“When Pazflor comes on stream in 2011, we will become the biggest producer in Angola with 700,000bpd at least,” Cegarra told Reuters in an interview.