An Angolan oilfield named PAZFLOR belonging to the Total Angola that will produce 220,000 barrels of oil daily will be presented by the company at the International Fair of Luanda (FILDA/2010) which opened on Tuesday.
Speaking on Thursday to the Angola Press Agency (Angop), the spokesman for the company, Andre Teixeira, said the oilfield was discovered in 2000 and was located 150 kilometres offshore Angola’s coast at 600 to 1,200 metres blow sea level.
“PAZFLOR has the height of four Eiffel towers and is one of the largest of Total at the moment and the results will be seen at the end 2011. Work has already exceeded 75 per cent and we have a vessel of oil coming from Korea with all equipment to install some material,” he said.
Teixeira said PAZFLOR was valued at US$9 billion and has 450 Angolan workers.