Angola’s National Agency of Petroleum, Gas and Biofuels (ANPG), along with French oil and gas supermajor, TotalEnergies, and its partners have made a Final Investment Decision (FID) of $850 million for the launch of the CLOV Phase 3 Project in Block 17, offshore Angola. The investment is expected to increase production while reducing operating costs through the standardization of subsea equipment, innovative engineering, and contractual structures. Situated approximately 150km off the Angolan coast in the
