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

Also in this section
21 February 2025
While large-scale planned LNG schemes in sub-Saharan Africa have faced fresh problems, FLNG projects are stepping into that space
20 February 2025
Greater social mobility means increased global demand for refined fuels and petrochemical products, with Asia leading the way in the expansion of refining capacity
19 February 2025
The EU would do well to ease its gas storage requirements to avoid heavy purchase costs this summer, with the targets having created market distortion while giving sellers a significant advantage over buyers
18 February 2025
Deliveries to China decline by around 1m b/d from move to curb crude exports to Shandong port, putting Iran under further economic pressure