TotalEnergies Greenlights Major Offshore Project to Boost Angola’s Oil Production

By Stermy 5 Min Read

Angola has reached a significant milestone as TotalEnergies and its partners on Block 20/11 have announced a final investment decision (FID) for the Cameia and Golfinho fields. T

his decision marks the commencement of the $6 billion Kaminho deepwater project, the first large-scale deepwater development in the Kwanza Basin.

The African Energy Chamber (AEC) praised the partners for this achievement, highlighting that it sets a high standard for deepwater projects in Angola and across Africa.

We're now on WhatsApp. Click here to join.

TotalEnergies operates Block 20/11 with a 40% stake, alongside energy company Petronas, also with 40%, and the Angolan national oil company Sonangol with 20%.

Situated about 100km off the coast of Angola in 1,700 meters of water, the project includes a Floating Production, Storage, and Offloading (FPSO) unit with a capacity of 70,000 barrels per day (bpd). This FPSO, the seventh by TotalEnergies in Angola, will be linked to a subsea production network, involving over 10 million man-hours, primarily for offshore operations. With the FID secured, production is expected to start by 2028.

Angola aims to maintain oil production at 1.1 million bpd by 2027 and subsequently increase output to 2 million bpd. The Kaminho project is crucial for boosting production, creating jobs, and driving economic growth.

As the first development in the Kwanza Basin’s maritime zone, the project opens a new frontier for oil exploration and supports Angola’s strategy to strengthen its position as a leading oil and gas producer in Africa.

For TotalEnergies, the FID reflects its long-term commitment to Angola’s offshore oil and gas sector. Active in the country for over 70 years, TotalEnergies has forged a strong partnership with Angola.

The Kaminho project reinforces this relationship and showcases the company’s ability to develop cost-effective, low-emission oil and gas projects in Africa.

For Sonangol, Angola’s national oil company turned operator, the project signifies its growing role in the upstream market.

Following a national privatization drive, Sonangol has become a competitive operator, and its collaboration with TotalEnergies on the Kaminho project highlights its strategic importance and expertise in large-scale oil and gas developments.

“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,” states NJ Ayuk, Executive Chairman of the AEC.

Additionally, TotalEnergies has signed a Memorandum of Understanding (MoU) with Sonangol EP for decarbonizing the oil and gas industry, setting the stage for low-carbon oil and gas projects in Angola.

This MoU will see both parties collaborating on research and development initiatives focused on reducing emissions and increasing renewable energy projects. The teams from TotalEnergies and Sonangol EP will work together on developing laboratories and enhancing skills in 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.” adds Ayuk.

He continues.. 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.”

Share This Article
By Stermy
Stermy is one Crazy fan of the word "Internet". Always online to stay informed and keep others updated. #townflex