TotalEnergies signs HOA ahead of Angola development FID

TotalEnergies EP Angola, Sonangol Pesquisa e Produção SA, and Agência Nacional de Petróleo, Gás e Biocombustíveis (ANGP) signed a heads of agreement that could advance progress toward a final investment decision this year on future development offshore Angola.

The prospective development, the first in Kwanza basin, would allow production from the Cameia and Golfinho discoveries on Blocks 20 and 21, about 150 km southwest of Luanda, comprised of an FPSO connected to a subsea network.

The design includes electrical generation from a combined cycle turbine and a zero-flaring concept.

TotalEnergies EP Angola is operator with 80% interest in both blocks. Sonangol holds the remaining 20%. FID is subject to partner and authority approval.