TotalEnergies is sustainably rising a multi-pronged offshore technique in Angola, combining deepwater challenge growth, brownfield optimization and frontier exploration as the corporate expands its long-term place within the nation.
The oil main can be betting on asset growth in Nigeria, the place it has important funding in prolific producing property.
The corporate’s Angola nation supervisor, Martin Deffontaines, is scheduled to talk on the Angola Oil & Fuel (AOG) Convention & Exhibition in September as Angola continues pursuing efforts to maintain nationwide crude manufacturing above 1 MMbopd.
TotalEnergies has considerably expanded its deepwater and offshore footprint in Nigeria via a collection of current production-sharing contracts (PSCs) and asset swaps. These strikes align with the corporate’s technique to concentrate on operated offshore property and leverage present infrastructure.
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On a scale of desire it has signed a PSC with Nigeria and native accomplice Sapetro for offshore blocks PPL 2000 and PPL 2001. Positioned within the West Delta/Niger Delta Basin, the blocks span roughly 2,000 sq. kilometers, with TotalEnergies holding an 80 per cent working stake.
TotalEnergies elevated its operated stake in offshore block OPL 257 to 90 per cent in a swap settlement with Conoil. This permits the corporate to appraise the Egina South discovery and plan potential tie-backs to the present Egina Floating Manufacturing Storage and Offloading (FPSO) facility.
The agency expanded its international exploration collaboration with Chevron to Nigeria, divesting a 40 per cent non-operated stake to a Chevron firm whereas retaining operatorship of those new West Delta prospects.
To optimize its deepwater portfolio, the corporate accomplished the divestment of its 12.5 per cent non-operated stake within the deepwater OML 118 (Bonga discipline) to Shell and Eni for $510 million.
Amongst TotalEnergies’ current developments in Angola, is the Kaminho deepwater challenge within the Kwanza Basin, the place the corporate reached closing funding resolution in 2024. The roughly $6-billion challenge is anticipated to supply round 70,000 bopd via an FPSO designed with lower-emission applied sciences, with startup focused in 2028.
The corporate additionally lately signed a ideas settlement with Angola’s Nationwide Oil, Fuel & Biofuels Company to increase the Block 32 license via 2043.
The block contains the Kaombo growth and 6 producing fields offshore Angola.
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In March, TotalEnergies signed an settlement with ExxonMobil and ANPG protecting 4 offshore blocks within the Benguela and Namibe basins Blocks 40, 41, 42 and 58 — supporting extra frontier exploration exercise offshore Angola.
The corporate can be taking part in research evaluating extra alternatives within the free areas of Blocks 17/06 and 32/21, two mature producing offshore areas.p
TotalEnergies expanded its Angolan manufacturing portfolio in 2025 via startup of the Begonia and CLOV Part 3 offshore developments, which collectively added roughly 60,000 bopd.
The corporate mentioned the tasks mirror its broader technique of balancing new exploration alternatives with redevelopment and optimization of present offshore infrastructure in Angola’s deepwater sector.