TotalEnergies extends production in Angola

Filters

French supermajor TotalEnergies recently arranged to extend the production period for development areas of Block 32 until 2043.

The decision was formalised in a written agreement co-signed by the National Oil, Gas & Biofuels Agency (ANPG), the upstream regulator of Angola.

With business activities in around 120 different countries, TotalEnergies has interests in oil, renewable electricity, natural gas, biofuels and green gases. It also manufactures state-of-the-art lubricants like cutting fluid and compressor oil via its respected Total brand.

The recent agreement was signed for the contractor group and established general terms for the block’s continuous development. The extension represents a substantial vote of confidence in the African nation’s upstream sector during a time when Angola is pursuing enhanced recovery, production stability and renewed direct investment from foreign powers for mature assets offshore.

Speaking for the wider African energy industry, the African Energy Chamber commended TotalEnergies, its partners and the ANPG for completing the deal. It described the extension as an important milestone for the long-term production strategy of Angola.

Beyond the extended license, the contract outlines the potential of using 2024’s “Incremental Production Initiative” to drive output. As a result, the agreement reinforces Angola’s position as an increasingly competitive and stable upstream market while illustrating the effectiveness of national policy reforms created to attract reinvestment.

Block 32 is among Angola’s largest producing assets and has been running since 2018. The block houses the ultra-deep-water project Kaombo, which has a production system encompassing two floating production, storage and offloading (FPSO) units and six fields.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also interested in:

Saudi oil titan experiences Q1 profit boost

Saudi Aramco, the state-run oil company of the Kingdom of Saudi Arabia, recently saw a 25 per cent jump in profits for the first quarter of 2026.

Fuchs highlights new company strategy

Leading global operator in the lubricant industry, Fuchs Group, recently revealed its latest strategy called “FUCHS100” at Capital Markets Day.

TotalEnergies commences construction on new Philippines solar project

French oil and gas company TotalEnergies is joining forces with Nextnorth, the renewable energy developer, and UAE clean energy expert, Masdar, on a new solar energy project based in the