TotalEnergies moves ahead on US$6-billion Kaminho oil project in Angola

The project involves developing two oil fields located in Block 20/11, Cameia and Golfino, according to a statement from Angola’s national hydrocarbon agency ANPG

is pressing ahead with the development of the Kaminho oil project 100 kilometres off the coast of Angola after a final investment decision on the block, it said on Tuesday.

“This project … will become our seventh FPSO unit in the country and the first-ever development in the Kwanza basin,” TotalEnergies CEO Patrick Pouyanne said in a statement. TotalEnergies operates Block 20/11 with a 40 per cent interest. Malaysia’s Petronas holds another 40 per cent, and Angola’s Sonangol 20 per cent.

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