In this CGG illustration, orange represents Block 21 3D and green represents Block 22 3D, both located offshore West Africa. Black dots are wells.
Offshore staff
PARIS, France —TotalEnergies EP Angola has transferred a 40% interest in Block 20 in the Kwanza Basin offshore Angola to Petronas Angola E&P for $400 million.
Following the transaction, TotalEnergies retains operatorship and a 40% interest in the concession, with Sonangol holding the remaining 20%.
Block 20 was formed by presidential decree in July, through the merger of former blocks 21/09 and 20/15 with Block 20/11.
It contains the Cameia and Golfinho oil discoveries, about 150 km southwest of Luanda. The partners plan to develop both through a network of subsea wells connected to a FPSO with a production capacity of 70,000 bbl/d. This will be TotalEnergies’ seventh FPSO operating offshore Angola.
The development will feature technologies to minimize greenhouse-gas emissions, and the facilities will be designed for zero flaring, with the associated gas re-injected into the reservoirs.
