TotalEnergies And Partners Announce FID For Angola’s Kaminho Deepwater Project

66

  • TotalEnergies, in partnership with Petronas and Sonangol, has announced the Final Investment Decision (FID) for the Kaminho deepwater project off the coast of Angola.
  • This project, which is the first significant deepwater development in the Kwanza basin, aims to produce 70,000 barrels of oil per day by 2028.
  • The project involves the conversion of a Very Large Crude Carrier (VLCC) to a Floating Production Storage and Offloading (FPSO) unit, designed to minimize greenhouse gas emissions and eliminate routine flaring.

On May 21, 2024, TotalEnergies, alongside its partners Petronas and Sonangol, announced the FID for the Kaminho deepwater project. The announcement was made in Luanda, Angola, with high-ranking officials from TotalEnergies and Angolan authorities in attendance. The Kaminho project represents a significant milestone in Angola’s oil and gas sector, being the first major development in the Kwanza basin.

The Kaminho Deepwater Project

The Kaminho project is located 100 kilometers off the coast of Angola, in waters 1,700 meters deep. It involves the development of the Cameia and Golfinho fields through the conversion of a VLCC into an FPSO unit. This unit will be connected to a subsea production network. The project is designed to minimize environmental impact, with the FPSO being all-electric and capable of fully reinjecting associated gas into the reservoirs, thus eliminating routine flaring. Production is expected to begin in 2028, with an anticipated output of 70,000 barrels of oil per day.

Collaboration and Local Impact

The project is a collaboration between TotalEnergies (40%), Petronas (40%), and Sonangol (20%), facilitated by Agencia Nacional de Petroleo e Gas (ANPG). Over 10 million man-hours will be worked in Angola, focusing on offshore operations and construction at local yards, significantly contributing to local employment and skills development.

Environmental and Technological Advancements

The FPSO unit for the Kaminho project is designed with a strong emphasis on reducing greenhouse gas emissions. The use of all-electric systems and gas reinjection technology aims to minimize the environmental footprint. Additionally, TotalEnergies and Sonangol signed a Memorandum of Understanding to collaborate on research and technology, particularly in decarbonizing the oil and gas industry and enhancing renewable energy capabilities.

Statements from Key Stakeholders

Patrick Pouyanné, Chairman and CEO of TotalEnergies, highlighted the innovative and collaborative spirit of the project, noting its alignment with the company’s investment criteria and environmental goals. Angolan officials emphasized the importance of the partnership and the project’s potential to boost national oil production and economic benefits. Petronas President Tan Sri Tengku Muhammad Taufik underscored the project’s alignment with Petronas’ strategic goals and its commitment to delivering reliable energy.

TotalEnergies in Angola

TotalEnergies has a long-standing presence in Angola, dating back to 1953. The company employs around 1,500 people in the country and operates various business segments, including deep offshore oil production, service stations in partnership with Sonangol, and renewable energy projects. TotalEnergies’ diverse portfolio underscores its commitment to supporting Angola’s sustainable energy transition.

Block 20/11

TotalEnergies operates Block 20/11 with a 40% interest, with Petronas and Sonangol holding 40% and 20% stakes, respectively. This block is central to the Kaminho project and is expected to be a significant contributor to Angola’s oil production.

About TotalEnergies

TotalEnergies is a global multi-energy company that produces and markets a range of energies, including oil, biofuels, natural gas, green gases, renewables, and electricity. The company’s mission is to make energy more affordable, sustainable, reliable, and accessible to a broader population. With operations in nearly 130 countries and over 100,000 employees, TotalEnergies integrates sustainable development into all its projects and operations, contributing to global well-being.

Did you subscribe to our daily Newsletter?

It’s Free! Click here to Subscribe

Source: Total Energies