TotalEnergies Announces New Discovery in Angola

TotalEnergies CEO Patrick Pouyanné announced several exploration successes at the Angola Oil & Gas Conference in Luanda recently, including the Acacia-5 discovery in Angola’s Block 17. That discovery is expected to increase production from Block 17 by 6,000 B/D.

TotalEnergies, the operator of Block 17, said it plans to fast-track the development of Acacia-5, with first oil expected 3 months after the June discovery. Development is expected to use available capacity on the Pazflor floating production, storage, and offloading vessel (FPSO).

Acacia-5 is the second exploration success reported in 2026 across TotalEnergies’ Angolan portfolio, following the recent Block 0 discovery in the Lower Congo Basin.

Reuters reported that Pouyanné said at the conference that TotalEnergies will invest $10 billion with partners in Angola over ​the next 5 years.

“I am very pleased to announce these exploration successes in Angola, which demonstrate both the attractiveness of the country and our confidence in its future,” Pouyanné said. “Exploration is a key pillar of our ambition in Angola, supported by the incentives introduced to encourage investment. Together with our partners, we aim to explore further and unlock new resources, sustaining a strong exploration effort to identify new opportunities across Angola’s offshore basins.”

TotalEnergies has signed agreements with Angola’s national oil, gas and biofuels agency, Agência Nacional de Petróleo, Gás, e Biocombustíveis (ANPG), to enter exploration Blocks 17/25 and 32/21 in the heart of the Lower Congo Basin. TotalEnergies said these blocks will benefit from extensive existing 3D seismic coverage.

Blocks 17/25 and 32/21 are close to existing facilities in TotalEnergies-operated Blocks 17 and 32, where six FPSOs are currently producing, which the company says will allow for future tiebacks and cost-efficient development of additional resources through the existing facilities.

In February, TotalEnergies also signed an agreement with ANPG and ExxonMobil to farm-in into exploration Blocks 40, 41, 42, and 58 in the Benguela Basin with a 35% interest.

TotalEnergies holds a 38% operated interest in Block 17, alongside Equinor (22.16%), ExxonMobil (19%), Azule Energy (15.84%), and Sonangol E&P (5%). It holds a 40% operated interest in Blocks 17/25 and 32/21, alongside ExxonMobil (40%) and Sonangol E&P (20%), and a 10% interest in Block 0, alongside Sonangol E&P (41%), Chevron (39.2%, operator), and Azule Energy (9.8%).