Angola has recorded another oil discovery by French energy major TotalEnergies, which has also signed agreements to acquire a 40% operated interest in two new exploration blocks in the country.
The new Acacia-5 discovery, located on Block 17, is expected to add 6,000 barrels per day to production. TotalEnergies plans to fast-track development by using available capacity on the Pazflor FPSO, with first oil expected within three months of the June 2026 discovery. This marks the company’s second exploration success in Angola this year.
TotalEnergies also signed agreements with Angola’s petroleum regulator, Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG), to enter Blocks 17/25 and 32/21 in the Lower Congo Basin with a 40% operated interest. ExxonMobil will hold 40%, while Sonangol E&P will hold the remaining 20%.
The two blocks are located close to TotalEnergies’ existing operations and already have 3D seismic data, which could support future exploration and development using nearby infrastructure.
TotalEnergies CEO Patrick Pouyanné said the company and its partners plan to invest $10 billion in Angola over the next five years. The investment includes the $6 billion Kaminho project, which is expected to begin production in 2028.
Source: reuters.com
African Energy Council