TotalEnergies to Bring New Angola Discovery Online in Just Three Months
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TotalEnergies announced a new offshore discovery in Angola and secured an operated interest in two additional exploration blocks, marking a significant return by major oil companies to exploration activities in Angolan waters. The move reflects efforts to leverage existing infrastructure and government incentives to reverse years of declining oil production in the African nation.
TotalEnergies has made a new discovery offshore Angola and has bought operated interest in two new exploration blocks close to operating hubs as the international majors are returning to exploration in Angola’s waters to take advantage of existing infrastructure.
TotalEnergies on Thursday said that the Acacia-5 discovery in Block 17 would see first oil achieved just three months after the discovery was made in June 2026. This would be done through a fast-track development using the available capacity on the nearby Pazflor FPSO. Acacia-5 is expected to increase oil production in Block 17 by 6,000 barrels per day (bpd).
Acacia-5 is the second exploration success so far this year in TotalEnergies' Angolan portfolio, following the recent Block 0 discovery in the Lower Congo Basin, where TotalEnergies holds a 10% interest alongside the operator, Chevron.
Last month, Chevron announced a new oil and gas condensate in a Block 0 exploration well that could be tied directly into the company’s existing production infrastructure in the country.
TotalEnergies has also signed agreements with the concessionaire Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG), to enter with a 40% operated interest in exploration Blocks 17/25 and 32/21, located in the heart of the prolific Lower Congo Basin, the French supermajor said today.
“Exploration is a key pillar of our ambition in Angola, supported by the incentives introduced to encourage investment,” said Patrick Pouyanné, Chairman and CEO of TotalEnergies.
“Together with our partners, we aim to explore further and unlock new resources, sustaining a strong exploration effort to identify new opportunities across Angola's offshore basins.”
TotalEnergies is one of several supermajors ramping up exploration efforts offshore Angola.
Earlier this week, ExxonMobil announced a discovery on Block 15.
The majors’ return to exploration in Angola is good news for the African producer, which quit OPEC in early 2024 and aims to reverse years of declining oil production.
By Tsvetana Paraskova for Oilprice.com
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TotalEnergies on Thursday said that the Acacia-5 discovery in Block 17 would see first oil achieved just three months after the discovery was made in June 2026. This would be done through a fast-track development using the available capacity on the nearby Pazflor FPSO. Acacia-5 is expected to increase oil production in Block 17 by 6,000 barrels per day (bpd).
Acacia-5 is the second exploration success so far this year in TotalEnergies' Angolan portfolio, following the recent Block 0 discovery in the Lower Congo Basin, where TotalEnergies holds a 10% interest alongside the operator, Chevron.
Last month, Chevron announced a new oil and gas condensate in a Block 0 exploration well that could be tied directly into the company’s existing production infrastructure in the country.
TotalEnergies has also signed agreements with the concessionaire Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG), to enter with a 40% operated interest in exploration Blocks 17/25 and 32/21, located in the heart of the prolific Lower Congo Basin, the French supermajor said today.
“Exploration is a key pillar of our ambition in Angola, supported by the incentives introduced to encourage investment,” said Patrick Pouyanné, Chairman and CEO of TotalEnergies.
“Together with our partners, we aim to explore further and unlock new resources, sustaining a strong exploration effort to identify new opportunities across Angola's offshore basins.”
TotalEnergies is one of several supermajors ramping up exploration efforts offshore Angola.
Earlier this week, ExxonMobil announced a discovery on Block 15.
The majors’ return to exploration in Angola is good news for the African producer, which quit OPEC in early 2024 and aims to reverse years of declining oil production.
By Tsvetana Paraskova for Oilprice.com
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