Uche Cecil Izuora
Oil major, TotalEnergies is pressing on with development of its Acacia-5 oil discovery offshore Angola, targeting first production just three months after the discovery.
In addition, the oil firm is expanding its exploration portfolio with two new operated blocks.
Acacia-5 was discovered in June 2026 on Block 17, where TotalEnergies holds a 38 per cent operated interest. The discovery will be developed using available capacity on the existing Pazflor FPSO and is expected to add approximately 6,000 bpd to Block 17 production.
The find marks TotalEnergies’ second exploration success in Angola this year, following a recent discovery on Block 0 in the Lower Congo basin. TotalEnergies holds a 10 per cent interest in Block 0, which is operated by Chevron.
TotalEnergies also signed agreements with Angola’s Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG) to acquire 40 per cent operated interests in exploration Blocks 17/25 and 32/21 in the Lower Congo basin.
Both blocks have existing 3D seismic coverage and are located near TotalEnergies-operated Blocks 17 and 32, where six FPSOs are currently producing. Their proximity to existing infrastructure could allow future discoveries to be developed through lower-cost tiebacks to those facilities.
“Exploration is a key pillar of our ambition in Angola, supported by the incentives introduced to encourage investment,” said Patrick Pouyanné, chairman and CEO of TotalEnergies. “Together with our partners, we aim to explore further and unlock new resources.”
TotalEnergies also signed a heads of agreement in February with ANPG and ExxonMobil to acquire a 35 per cent interest in exploration Blocks 40, 41, 42 and 58 in Angola’s Benguela basin.
TotalEnergies operates Block 17 with a 38 per cent interest alongside Equinor, ExxonMobil, Azule Energy and Sonangol E&P.
In the newly acquired Blocks 17/25 and 32/21, TotalEnergies will hold 40 per cent, with ExxonMobil holding 40 per cent and Sonangol E&P 20 per cent.