TotalEnergies to FID Angola oil development this year 

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TotalEnergies EP Angola, in partnership with Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG) and Sonangol Pesquisa e Produção S.A, has signed a heads of agreement related to the future development of the Cameia and Golfinho fields, located on Blocks 20 and 21 in the Kwanza basin. This agreement marks an important milestone towards the final investment decision, which is expected to take place in 2023, pending partners and authorities’ approval.

The development project on Blocks 20 and 21 will involve a floating production, storage and offloading (FPSO) vessel, the seventh for TotalEnergies in Angola, connected to a subsea network. The design of this project includes electrical generation from a combined cycle turbine and a zero flaring concept, which allows for lower carbon intensity. The project is expected to be the first offshore development project in the Kwanza basin and will enable the production of Cameia and Golfinho discoveries while adding more value to national energy resources.

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Nicolas Terraz, President, Exploration & Production at TotalEnergies, stated that the company is “working to make possible this first offshore development project in the Kwanza basin, which will allow to put in production Cameia and Golfinho discoveries and add more value to new national energy resources.”

ANPG Chairman Paulo Jerónimo congratulated TotalEnergies and Sonangol Pesquisa e Produção on their pioneering efforts and expressed optimism for the project’s potential to contribute decisively to national production objectives. Jerónimo also noted that the project’s potential may generate interest from other operators and pave the way for other developments in the Kwanza Basin.

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Sonangol Chairman Gaspar Martins expressed enthusiasm for the project, stating that it is an important milestone and that the objective for the coming years is for the project to be successful. Martins also expressed the desire for Blocks 20 and 21 to begin producing, with a final investment decision targeted for this year.

TotalEnergies EP Angola Blocks 20-21 (Operator) holds an 80% interest in each block, while Sonangol Pesquisa e Produção S.A holds the remaining 20%. 

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