Energy major TotalEnergies has secured an extension of Block 32’s production license in Angola until 2043, signing a Principles Agreement with the National Oil, Gas & Biofuels Agency (ANPG) that establishes the framework for the block’s continuous development over the coming decades. The deal was signed by the company on behalf of the broader contractor group and represents one of Angola’s most significant upstream commitments in recent years.
Block 32, situated in the Lower Congo Basin, covers an area of 5,340 square kilometres and has been in production since 2018. It is home to the Kaombo ultra-deepwater project — one of Angola’s largest offshore developments — featuring six producing fields and two Floating Production Storage and Offloading (FPSO) vessels, 59 drilled wells, and Angola’s most extensive subsea network, comprising over 300 kilometres of subsea pipelines. The asset currently produces an average of 230,000 barrels per day, making it a cornerstone of Angola’s national output.
“Thanks to the incremental production regime, this agreement will allow for greater investment in Block 32 with a long-term vision and the objective of consistent investment,” said Martin Deffontaines, TotalEnergies Angola Country Manager, noting that the extension builds on $9 billion invested by the company in Angola since 2022.
The agreement also opens the door to applying Angola’s Incremental Production Decree — launched in 2024 — to bolster output at the block. The initiative has already proven its worth: in 2024, ExxonMobil announced the Likember-01 discovery at Block 15, the first find made under the incremental production framework, confirming that Angola’s mature offshore acreage still holds material untapped potential.
Kaminho and a Broader Strategic Footprint
Beyond Block 32, TotalEnergies continues to expand across Angola through legacy and new-generation projects. The company’s $6 billion Kaminho deepwater development in the Kwanza Basin — Angola’s first major deepwater project in the basin — is advancing alongside ongoing investment in offshore production optimisation and lower-emission operations. TotalEnergies currently accounts for approximately 28% of Angola’s total oil production portfolio.
“The understanding reached with TotalEnergies results from a relationship based on cooperation, dialogue and proactivity between the parties, fundamental factors to accelerate investments and guarantee consistent results for the energy sector,” said Paulino Jerónimo, Chairman of the ANPG.
Source: prospect-intel.com | eurasiareview.com