On Thursday, a discovery from June, made in the Acacia-5 development of Angola’s offshore Block 17, was announced by TotalEnergies‘ Chairman and CEO Patrick Pouyanné.
The discovery was made near to existing production at Block 17, allowing development to be fast-tracked via a tie-back using spare capacity on the Pazflor FPSO. This means no new floating production unit is needed.
First oil is expected imminently, with TotalEnergies stating it will be “achieved only three months after the discovery made in June 2026”. The discovery is expected to add around 6,000 bpd to Block 17 production.
TotalEnergies is the operator of Block 17, with a 38% interest, with Equinor holding 22.16%, ExxonMobil 19%, Azule Energy 15.84% and Sonangol E&P with 5%.
Acacia-5 is TotalEnergies’ second success of the year in Angola, alongside a recent discovery in Block 0 in the Lower Congo Basin.
Just a day earlier, Pouyanné announced that TotalEnergies would be investing over USD 10 billion in Angola in the next five years, alongside other partners. TotalEnergies currently outputs around 450,000 bpd in Angola, with Pouyanné aiming to sustain a number of over 1 million bpd.
Source: theenergyyear.com