Total announced it’s made a $1.5 billion final investment decision to get more oil out of a field in the deep waters off the coast of OPEC-member Angola. File Photo by tcly/Shutterstock May 29 (UPI) — A “new chapter” opened up in the deep waters off the coast of Angola with a final investment decision for a project with a 40,000 bpd capacity, Total said. Total leads a consortium developing the Zinia 2 offshore development in Block 17 of the Pazflor field. A budget of $1.2 billion will be used to tap nine wells connected to an existing floating production storage and offloading unit. Zinia 2 has a production capacity of 40,000 barrels of oil per day. “Zinia 2 opens a new chapter in the history of Block 17,” Arnaud Breuillac, the company’s president of exploration and production, said in a statement . “This project will allow to extend […]