TotalEnergies Partners With BlackRock's GIP on Oil and Gas Infrastructure in Africa
French energy company TotalEnergies has entered into a partnership with Global Infrastructure Partners (GIP), an affiliate of BlackRock, involving certain oil and gas infrastructure assets across Africa. As part of the agreement, GIP will contribute $1.8 billion in capital and receive throughput-based tariffs from TotalEnergies for up to 15 years. Specific asset details have not been disclosed. In a separate development, TotalEnergies announced an offshore oil discovery named Acacia-5 in Block 17 off Angola's coast earlier this month. The company plans to bring the field online within three months of its June 2026 discovery and expects it to add approximately 6,000 barrels per day using existing infrastructure at the Pazflor FPSO facility. TotalEnergies also signed agreements with Angola’s petroleum regulator for new exploration blocks in the Lower Congo Basin. Additionally, a cooperation agreement was reached between TotalEnergies E&P New Ventures and Venezuela's PDVSA, though specific terms were not disclosed.
Topics: Africa gas infrastructure oil partnership