TotalEnergies to Bring New Angola Oil Discovery Online in Three Months
TotalEnergies announced it will bring its Acacia-5 oil discovery offshore Angola online within three months of the June 2026 discovery. The project, located in Block 17, is expected to add 6,000 barrels per day (bpd) using existing infrastructure on the Pazflor FPSO. This marks TotalEnergies' second exploration success this year in Angola following a recent find in Block 0 with Chevron. The company also secured new operated interests in Blocks 17/25 and 32/21, located in the Lower Congo Basin, through agreements with ANPG. CEO Patrick Pouyanné emphasized that exploration is central to TotalEnergies' strategy in Angola due to supportive investment incentives. The move aligns with a broader trend of international oil majors increasing offshore exploration efforts in Angola. Angola's return to active exploration comes as the country aims to reverse declining production and exited OPEC early 2024.
Topics: Angola exploration FPSO development oil discovery TotalEnergies