Angola project thwarts upstream decline
Kaminho deepwater FID raises hopes of reigniting much-needed further investment in ailing sector
A TotalEnergies-led consortium has taken FID on the deepwater Kaminho project offshore Angola, in an encouraging signal for the southern African nation’s diminished upstream. But Kaminho alone will not be enough to rebuild Angola’s output. Production is expected to start in 2028 and reach a plateau of 70,000b/d, TotalEnergies said in a statement. Kaminho comprises the Cameia and Golfinho fields and is located in Block 20/11, which is 100km off the Angolan coast at a water depth of 1,700m. The project will be the first development in the Kwanza Basin. The Kaminho consortium comprises TotalEnergies (40%), Malaysia’s Petronas (40%) and Angolan NOC Sonangol (20%). Sonangol and Totalenergies will
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19 August 2024
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