TotalEnergies Secures Golden Block Extension Off Angola, Eyes 300 Million Additional Barrels
TotalEnergies and its partners have successfully negotiated an extension of their production sharing contract for Block 17, one of Angola’s most prolific offshore oil exploration blocks located 150 kilometers off the coast. The extension allows operations to continue at the “golden block,” which produces oil through floating production, storage, and offloading units including Girassol, Dalia, Pazflor, and CLOV.
The license is operated by TotalEnergies alongside partners Equinor, ExxonMobil, Azule Energy (a joint venture between Eni and BP), and Sonangol. According to TotalEnergies’ Business Strategy Director Richard Migeon, the contract amendment will extend FPSO Dalia’s operational life until 2045 while enabling the drilling of additional oil producers expected to yield around 300 million barrels of incremental production.
Azule Energy highlighted the strategic importance of the extension, noting it “solidifies our strategic presence in the region and reflects our unwavering focus on operational excellence, sustainable development, and value creation.” The block operates in water depths ranging from 600 to 1,400 meters, with Girassol being the first field to come on stream in December 2001.
Source: offshore-energy.biz