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TotalEnergies Greenlights Offshore Project to shore up Angola’s oil production

TotalEnergies and its partners in Block 20/11 had announced a final investment decision for the Cameia and Golfinho fields, signalling new opportunities for production growth in Angola’s offshore fields.

The announcement which signalled the start of development of a $6 billion Kaminho deepwater project also meant that the first large-scale deepwater development in the Kwanza Basin is now an accomplished feat, even as the African Energy Chamber believes this project will set a high standard for the development of deepwater projects – both in Angola and across the broader continent.

Block 20/11 is being developed by TotalEnergies as the operator with 40%, energy company Petronas with 40% and Angolan national oil company (NOC) Sonangol with 20%. Located approximately 100km off the coast of Angola in water depths of 1,700 meters, the project features a Floating Production, Storage and Offloading (FPSO) unit with a capacity of 70,000 barrels per day (bpd). The FPSO – the seventh developed by TotalEnergies in Angola – will be connected to a subsea production network, with over 10 million man-hours expected to be involved – primarily covering offshore operations. Now that FID has been reached, production is on track to start by 2028.

Statement reveals that Angola has, by this milestone, set a target of maintaining oil production at 1.1 million bpd by 2027 and thereafter increasing output to two million bpd. The Kaminho project will be instrumental in increasing production while creating jobs and bolstering economic growth, the statement revealed. As the first development in the maritime zone of the Kwanza Basin, the Kaminho project will be representing a new oil frontier and forms part of a broader national strategy to consolidate the country’s footprint as one of the continent’s biggest oil and gas players.

And for TotalEnergies according to the statement, achieving FID underscores the energy major’s commitment to developing Angola’s offshore oil and gas reserves. Having been active in the country for over 70 years, the company has established a long-standing partnership with Angola. The Kaminho project further solidifies this partnership while demonstrating TotalEnergies’ expertise in developing low-cost, low-emission oil and gas in Africa.

Meanwhile, for Sonangol – Angola’s NOC-turned-operator – the project highlights the company’s emerging role as a major player in the Angolan oil and gas upstream market. Following a national privatization initiative, Sonangol has been transformed into a competitive operator, and its partnership with TotalEnergies on the Kaminho project demonstrates both its expertise and strategic contribution towards developing large-scale oil and gas projects.

“Angola – one of Africa’s largest oil and gas producers – is proving time and time again its commitment to increasing production and alleviating energy poverty through oil and gas monetization. The announcement by TotalEnergies and the ANPG is a critical step forward towards this goal and the AEC commends the efforts by the partners on Block 20/11 to driving this important project forward. The Cameia and Golfinho fields further cement Angola’s status as a major global producer,” says NJ Ayuk of African Energy Chamber.

In addition to the announcement of FID, TotalEnergies also signed an MoU with Sonangol EP for the decarbonization of the oil and gas industry, laying the foundation for a new era of low-carbon oil and gas developments in Angola. The MoU will see the parties jointly pursue research and development initiatives, with a strong focus on reducing emissions and increasing renewable energy projects. The respective research and development teams of TotalEnergies and Sonangol EP have agreed to collaborate on the implementation and development of laboratories while supporting the development of skills in the fields of geology and electrification.

“The reforms implemented by the President João Lourenço and his oil minister Diamantino Azevedo are proving effective. They have addressed many of Angola’s above-ground risk issues, streamlined the permitting and approval processes, and made a compelling case for capital investment in the country. Achieving FID while partnering on decarbonization initiatives underscores TotalEnergies and Sonangol’s commitment to the development of low-carbon oil and gas in Angola. This is what Africa needs: to bring its oil and gas resources online while developing low-carbon technologies and skills to support a just energy transition”, Ayuk added.

With proven oil reserves of 9 billion barrels and gas reserves of 11— trillion cubic feet (tcf), Angola has established itself as a significant player in the global energy market. Meanwhile, recent milestones in Mozambique, such as its first successful shipment of LNG to Europe in 2022, highlight the country’s emergence as a reliable gas market.

TotalEnergies to invest $600M to strengthen E&P activities in the Congo

In the Republic of Congo, the French supermajor is also working to strengthening its exploration and production (E&P) activities in 2024 in the country with an investment to the tune of $600M.

According to a news source, the investment would be used to finance exploration and maintain production in the country’s deep offshore Moho Nord field, which has been reported to account for approximately half of all Congolese oil production, or roughly 140,000 barrels per day (bpd).

Authorities commend TotalEnergies for the huge investment which also in their opinion was an indication of a strong intent by the IOC to develop and monetize Congolese hydrocarbons for the benefit of the country and its population.

The Moho Nord field brings together TotalEnergies’ operated fields to four reservoirs that extend over 320km2 in water depths of 750m to 1,200m.

With the firm’s level of commitment, the country’s oil production is expected to add about 40,000 bpd to the already existing 267,000 bpd currently. The company also operates the deep offshore Marine XX permit, which extends over an area of 3,285.8km2 at water depths of up to 2,000m. Two drilling rigs had just arrived at the permit, with the CEO Patrick Pouyanné expressing his optimism that the field will yield a discovery before the end of the year.

In April this year, TotalEnergies signed an agreement – through its subsidiary TotalEnergies EP Congo – to acquire a 10% stake in the Moho permit from oil and gas company Trident Energy. Following the completion of this transaction, TotalEnergies will hold an operational stake in the permit with 63.5%, alongside Trident Energy, which will retain a 21.5% share, and the Republic of Congo’s national oil company Société Nationale des Pétroles du Congo (SNPC), which will hold a share of 15%.


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