TotalEnergies-led group makes investment decision on 70,000 b/d Angola deepwater project

Must Read

OilNOW is an online-based Information and Resource Centre

TotalEnergies has announced the final investment decision (FID) on the Kaminho deepwater project in Angola’s Block 20/11, pursued in collaboration with Petronas and Sonangol. It said the FID was made possible due to a close collaboration with the concessionaire Agencia Nacional de Petroleo e Gas (ANPG).

Kaminho, the first large deepwater development in the Kwanza Basin, targets production start-up in 2028, with a plateau of 70,000 barrels of oil per day. The project will pursue development of the Cameia and Golfinho fields, located 100 kilometers (km) off the coast of Angola, in up to 1,700 meters of water depth.

Blue Water to handle transport of topsides for Angola-bound FPSO | OilNOW

The Kaminho project involves converting a very large crude carrier (VLCC) to a floating production, storage and offloading (FPSO) unit, which will be connected to a subsea production network. Designed to minimize greenhouse gas emissions and eliminate routine flaring, this FPSO is designed to be all-electric and will allow for associated gas to be fully reinjected into the reservoirs, TotalEnergies said. 

The Kaminho project will involve over 10 million man-hours in Angola, mainly with offshore operations and construction at local yards.

TotalEnergies leads the project (40%), while its Block 20/11 partners, Petronas holds 40% and Sonangol holds 20%.

TotalEnergies and Sonangol EP have also signed a Memorandum of Understanding to share expertise on Research & Technology, notably in the decarbonizing the oil & gas industry, with a strong focus on reducing methane emissions and renewable energies. TotalEnergies’ teams will provide support to Sonangol EP for the start-up and operation of its new Sumbe R&D center and for the development of the skills of the Sonangol research and technology teams, with a focus on reservoir geology, process electrification and photovoltaics.

Saipem gets US$850 million deal for subsea work off Angola coast  | OilNOW

“This project, which leverages innovation to fit with our investment criteria – breakeven under 30 $/b and carbon intensity of 16 kg CO2e/boe – will become our seventh FPSO in the country and the first-ever development in the Kwanza basin”, said Patrick Pouyanné, Chairman and Chief Executive Officer (CEO) of TotalEnergies. 

Diamantino de Azevedo, Minister of Mineral Resources, Oil & Gas (MIREMPET), said: “This partnership is for us of extreme importance, as it creates a joint operating entity between Sonangol and TotalEnergies in production phase.

Paulino Jerónimo, Chairman of the Board of ANPG, said: “The first development in the maritime zone of the Kwanza basin is important to showcase the opening of new oil frontiers in Angola, and it’s part of our strategy to keep Angola on the top of African oil producers, bringing important income to our economy.”


Partnered Events

Latest News

Guyana implements new policy, boosting advantage for locals in oil sector

Guyanese companies in the oil sector just got a major boost. A new policy now requires that companies evaluating...

More Articles Like This