TotalEnergies has announced the Acacia-5 oil discovery on Block 17 in Angola, which is expected to add 6,000 barrels per day to production within three months.
The French energy company, which operates the block with a 38% stake, plans to use existing capacity on the Pazflor FPSO to bring the discovery into production quickly. First oil is expected within three months of the June 2026 discovery.
This is TotalEnergies’ second exploration success in Angola in 2026, following another discovery in Block 0, where it holds a 10% non-operated interest alongside Chevron.
In addition to the Acacia-5 discovery, TotalEnergies has signed agreements to acquire interests in two new exploration blocks, 17/25 and 32/21, in the Lower Congo Basin. The company will hold a 40% operated interest in both blocks, which are located close to existing facilities and six FPSOs. This could allow future discoveries to be connected to existing infrastructure, reducing development costs.
Earlier, in February 2026, TotalEnergies signed a Head of Agreement to acquire a 35% interest in exploration Blocks 40, 41, 42 and 58 in the Benguela Basin through a farm-in agreement with ExxonMobil.
I have kept the original information and figures intact while making the sentences flow more naturally. One important distinction is that the new exploration blocks represent future exploration opportunities, not confirmed oil discoveries.
source: scanx.trade
African Energy Council