Developing Angola’s offshore assets

FID from TotalEnergies

ANGOLA: Having announced the Final Investment Decision (FID) on the Kaminho deepwater project, TotalEnergies issued a statement today indicating that production is expected to begin in 2028 with a plateau of 70,000 barrels of oil a day.

The Kaminho project, which is the first large deepwater development in the Kwanza basin, comprises the conversion of a Very Large Crude Carrier (VLCC) to a Floating Production Storage and Offloading (FPSO) unit, which will be connected to a subsea production network.

Designed to minimise greenhouse gas emissions and eliminate routine flaring, this FPSO is all-electric and associated gas will be fully reinjected into the reservoirs.

The Kaminho project will involve over 10 million man-hours in Angola, mainly with offshore operations and construction at local yards.

Patrick Pouyanné, Chairman and CEO of TotalEnergies, met with João Lourenço, President of Angola, Diamantino Azevedo, Minister of Mineral Resources, Oil & Gas (MIREMPET), Paulino Jerónimo, Chairman and CEO of ANPG and Gaspar Martins, Chairman and CEO of Sonangol, to announce the Final Investment Decision of the Kaminho deepwater project in Luanda yesterday.

TotalEnergies (40%), along with its Block 20/11 partners, Petronas (40%) and Sonangol (20%), announced the Final Investment Decision (FID) of the Kaminho project to develop the Cameia and Golfinho fields, located 100 km off the coast of Angola, by 1,700 m water-depth.

TotalEnergies and Sonangol EP also signed a Memorandum of Understanding to share expertise on Research and Technology, notably in decarbonisation of the oil and gas industry, with a strong focus on methane emissions reduction and renewable energies. TotalEnergies’ teams will provide support to Sonangol EP for the start-up and operation of its new Sumbe R&D centre and for the development of the skills of the Sonangol research and technology teams, with a focus on reservoir geology, process electrification and photovoltaics.

“Building on our pioneering spirit and our long-term partnership with Angola, we are pleased to launch the Kaminho project along with our strategic partners, Sonangol and Petronas, and the strong support and confidence of the Angolan authorities. This project, which leverages innovation to fit with our investment criteria - breakeven under 30 $/b and carbon intensity of 16 kg CO2e/boe - will become our seventh FPSO in the country and the first-ever development in the Kwanza basin,” said Patrick Pouyanné, Chairman and CEO of TotalEnergies.

“This partnership is for us of extreme importance, as it creates a joint operating entity between Sonangol and TotalEnergies in production phase. It is also relevant that the contracts signed today include national companies and contribute to local content with more than 10 million hours of work to be performed by local companies,” noted Diamantino de Azevedo, Minister of Mineral Resources, Oil & Gas (MIREMPET),

Paulino Jerónimo, Chairman of the Board of ANPG, said: “The first development in the maritime zone of the Kwanza basin is important to showcase the opening of new oil frontiers in Angola, and it’s part of our strategy to keep Angola on the top of African oil producers, bringing important income to our economy.”

TotalEnergies has been present in Angola since 1953 and employs around 1,500 people across different business segments. With a diversified portfolio, deep offshore operated assets representing more than 45% of the country’s oil production, service stations in partnership with Sonangol and renewable energy projects, TotalEnergies in Angola is a key player in supporting the country’s sustainable energy transition.

PHOTO SOURCE: TotalEnergies website