Angola: TotalEnergies plans 10 billion dollars in investments over five years

The French group is the country’s leading oil operator. Patrick Pouyanné stated that it currently produces around 450,000 barrels per day in Angola and aims to preserve this level through new investments in offshore exploration and field development.

This announcement was made during the Angola Oil & Gas 2026 conference, held on 9 and 10 September at the Centro de Convenções de Talatona in Luanda. The event’s official program confirms Patrick Pouyanné’s participation among the top industry leaders gathered to discuss energy investments in the country.

Among the main projects involved is Kaminho, with an estimated cost of 6 billion dollars. Located about 100 kilometers off the Angolan coast in the Kwanza basin, it is scheduled to start production in 2028 and will become TotalEnergies’ seventh project equipped with a floating production, storage, and offloading unit in the country.

Kaminho at the heart of the offshore strategy

In May 2024, TotalEnergies, together with Petronas and Sonangol, made the final investment decision for Kaminho. The project will develop the Cameia and Golfinho fields, with expected production eventually reaching around 70,000 barrels per day, according to the group. The company also aims to reduce routine flaring through a fully electric FPSO.

Patrick Pouyanné also announced the signing of new offshore exploration licenses in partnership with ExxonMobil and the launch of a geoscience initiative using artificial intelligence to identify new opportunities in the Angolan basin. This push comes as Angolan authorities have reformed the sector’s framework to attract more capital into maturing offshore fields.

Present in Angola since 1953, TotalEnergies employs about 1,500 people there and operates several deepwater licenses, notably blocks 17 and 32. The group also holds interests in Angola LNG and is developing, with Sonangol and Greentech, the Quilemba solar power plant in Huíla province.