TotalEnergies Flags New Oil Discovery in Angola

French energy giant TotalEnergies announced a new offshore oil discovery in Angola on Thursday while securing agreements to acquire a 40 per cent operated interest in two new exploration blocks.

The new Acacia-5 discovery will boost production at the company’s existing Block 17 by 6,000 barrels per day.

The French energy giant plans to fast-track development to achieve first oil within three months following the initial discovery made in June 2026.

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To expand its footprint in the region, the company signed deals with Angola’s petroleum regulator, Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG).

TotalEnergies flags new oil discovery in Angola (News Central TV) — TotalEnergies flags a new oil discovery in Angola. Credit: Offshore Energy

Under these agreements, TotalEnergies will enter exploration Blocks 17/25 and 32/21 in the Lower Congo Basin as the primary operator.

TotalEnergies CEO Patrick Pouyanné confirmed that the company and its partners plan to invest $10 billion in Angolan operations over the next five years.

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Abisoye Adeyiga

Abisoye Adedoyin Adeyiga holds a PhD in Languages and Media Studies and a Master’s in Education (English Language). Trained in digital marketing and investigative journalism, she is passionate about new media’s transformative power. She enjoys reading, traveling, and meaningful conversations.