Total starts production at new Angola development

21st Jul 2015 10:42

(ShareCast News) - French oil major Total said it had started production from its Dalia Phase 1A development off the coast of Angola.The project, which comprised seven infill wells, will produce additional reserves of 51m barrels and will contribute 30,000 barrels per day to the block's production, the company said in a statement.The company's exploration and production president Arnaud Breuillac said the new production showed the company's commitment to maximising value."Dalia Phase 1A demonstrates Total's commitment to maximizing value through the optimal use of existing facilities.These types of profitable satellite tie-back developments play an important role in maintaining production levels and generating additional free cash flow for the group," Breuillac said in a statement.Shares in Total were down 0.51% to 49.14p at 1002 BST.