TotalEnergies Makes New Discovery offshore Angola
TotalEnergies announced a discovery in Block 17 offshore Angola, to be tied back to the Pazflor FPSO and adding 6,000 barrels per day of production capacity. The company also signed concession agreements for exploration blocks 17/25 and 32/21 in the Lower Congo Basin and a preliminary farm-in agreement for blocks in the Benguela basin. Separately, QatarEnergy announced a concession agreement for blocks 8 and 22 with Shell and Sonangol.
Why it matters: This underscores the briefing's theme of exploration, with major oil companies expanding their Angolan offshore portfolios.