TotalEnergies greenlights major offshore project to boost Angola’s oil production
TotalEnergies and its partners on Block 20/11 have announced a final investment decision for the Cameia and Golfinho fields.
The announcement signals the start of the development of the $6 billion Kaminho deepwater project (the first large-scale deepwater development in the Kwanza Basin).
TotalEnergies is developing block 20/11 as the operator with 40 per cent, energy company Petronas with 40 per cent and Angolan National Oil Company Sonangol with 20 per cent.
Located approximately 100km off the coast of Angola in water depths of 1,700 meters, the project features a Floating Production, Storage and Offloading (FPSO) unit with a capacity of 70,000 barrels per day (bpd).
The FPSO, the seventh developed by TotalEnergies in Angola, will be connected to a subsea production network. Over 10 million man-hours are expected to be involved, primarily covering offshore operations. Now that FID has been reached, production will start by 2028, according to a statement by the African Energy Chamber.
Angola has set a target of maintaining oil production at 1.1 million bpd by 2027 and, after that, increasing output to two million bpd. The Kaminho project will be instrumental in increasing production while creating jobs and bolstering economic growth.
According to the AEC, the Kaminho project represents a new oil frontier and forms part of a broader national strategy to consolidate the country’s footprint as one of the continent’s biggest oil and gas players. As the first development in the maritime zone of the Kwanza Basin, it is the first step in a larger strategy to consolidate the country’s footprint as one of the continent’s biggest oil and gas players.
“Angola – one of Africa’s largest oil and gas producers – is proving time and time again its commitment to increasing production and alleviating energy poverty through oil and gas monetization,” said NJ Ayuk, executive chairman of the AEC.
He added, “The announcement by TotalEnergies and the ANPG is a critical step forward towards this goal and the AEC commends the efforts by the partners on Block 20/11 to driving this important project forward. The Cameia and Golfinho fields further cement Angola’s status as a major global producer.”
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