April 14, 2014 / 6:20 AM / 3 years ago

Total pushes ahead with $16 bln Angolan Kaombo oil project

PARIS, April 14 (Reuters) - French oil major Total said on Monday it had decided to invest in Angola’s Kaombo oil project after lowering its cost by $4 billion to $16 billion.

The ultra-deep offshore field will have a production capacity of 230,000 barrels per day, for a start-up date in 2017, Total said in a statement. (Reporting by Natalie Huet; editing by Blaise Robinson)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below