Oil & Gas
By Anthony Isibor.
TOTALEnergies has signed an agreement to sell jointly with Inpex, its non-operated interest in Angola Block 14 B.V. to the Angolan Company Somoil.
Henri-Max Ndong-Nzue, senior vice president Africa of TotalEnergies Exploration and Production, said that “By divesting this interest in mature fields, TotalEnergies is implementing its strategy to high-grade its oil portfolio, focusing on assets with low costs and low emissions”.
He added that “TotalEnergies remains the number one energy player in Angola, through its leading operating position in deep-offshore, its interest in Angola LNG and in a first solar power plant project, Quilemba Solar, located in the southwest of the country.”
Ndong-Nzue’s view was contained in a press statement by TotalEnergies on Monday, January 17, which stated that the transaction is subject to the approval of the Angolan authorities.
It added that “Angola Block 14 B.V., is owned by TotalEnergies Holdings International B.V. (50.01%) and Inpex Angola Block 14 Ltd (49.99%) holds a 20% interest in block 14 in Angola and a 10% interest in block 14K. The offshore blocks have been producing since 1999.
Noting also that the net production from Angola Block 14 B.V. was 9,000 barrels of oil equivalent per day in 2021, TotalEnergies which has been present in Angola since 1953, today employs around 1,600 people in the business segments of Exploration and Production, Integrated Gas, Renewables, Power, and Marketing & Services.
TotalEnergies is also “The country’s leading oil operator with close to 45% of Angola’s operated oil production, 4 operated blocks in development phase, blocks 16, 17/06, 20/11 and 21/09, and 2 blocks in exploration phase, blocks 29 and 48. In the gas sector, TotalEnergies holds a stake in the 5.2 million ton per year Angola LNG liquefaction plant, currently supplied with associated gas from offshore oil fields, and in the New Gas Consortium, the first non-associated gas project to be developed in Angola.
“TotalEnergies’ equity production in Angola is averaged at 212,000 barrels of oil equivalent per day in 2020 from operated blocks 17 and 32, from non-operated blocks 0, 14, 14K, and Angola LNG.
Realnews reports that “TotalEnergies is working closely with the Angolan authorities to develop renewable and solar projects in the country, in line with the company’s ambition.
– Jan. 17, 2022 @ 12:09 GMT |
A.I
Tags: Henri-Max Ndong-Nzue TotalEnergies
