TotalEnergies is accelerating its offshore expansion strategy in Angola, advancing a mix of deepwater developments, production optimisation and new exploration partnerships as the French energy major strengthens its long-term position in one of Africa’s key oil-producing markets.
The company’s Angola country manager, Martin Deffontaines, is expected to outline the strategy at the Angola Oil & Gas Conference in September, as the country continues efforts to sustain crude production above 1 million barrels per day.
Central to the group’s current investments is the Kaminho deepwater project in the Kwanza Basin, where TotalEnergies reached final investment decision in 2024. The project, valued at about US$6 billion, is designed to produce approximately 70,000 barrels per day through a floating production storage and offloading (FPSO) unit incorporating lower-emission technologies.
First oil from Kaminho is targeted for 2028, marking a key milestone in Angola’s push to develop more complex offshore resources while maintaining output from ageing fields.
Beyond Kaminho, TotalEnergies has also secured a principles agreement with Angola’s National Oil, Gas and Biofuels Agency (ANPG) to extend the Block 32 production licence through 2043. The block includes the Kaombo development and six producing offshore fields, forming one of the company’s core production hubs in the country.
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The extension is expected to provide long-term production visibility while supporting continued investment in existing infrastructure and enhanced recovery from mature assets.
In parallel, TotalEnergies is deepening its exploration footprint through a partnership with ExxonMobil and ANPG covering four offshore blocks—Blocks 40, 41, 42 and 58—in the Benguela and Namibe basins. The agreement supports frontier exploration activity in underexplored deepwater regions.
The company is also participating in technical studies assessing additional opportunities in Blocks 17/06 and 32/21, both of which contain mature producing assets with potential for further development and optimisation.
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In 2025, TotalEnergies expanded its production base in Angola with the startup of the Begonia and CLOV Phase 3 developments. Together, these projects added roughly 60,000 barrels per day to the company’s output portfolio in the country.
The group said the combination of new developments and brownfield optimisation reflects a balanced strategy aimed at sustaining production while extending the life of existing offshore infrastructure.
Angola remains a key focus for international oil companies seeking stable deepwater investment opportunities, even as global energy firms face pressure to balance fossil fuel development with longer-term energy transition commitments.
For Angola, where oil remains the backbone of government revenue and exports, sustained investment from major operators such as TotalEnergies is seen as critical to maintaining output levels and supporting fiscal stability.
The latest agreements and developments underline a broader industry trend in Angola’s offshore sector, where companies are increasingly combining exploration, redevelopment of mature fields and emissions-reduction technologies to maximise returns from complex deepwater assets.
TotalEnergies said its Angola portfolio strategy will continue to evolve in line with production goals, regulatory frameworks and global energy market conditions, as it seeks to maintain a strong upstream presence in the country over the coming decades.
