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TotalEnergies Reports New Angola Oil Discovery, Adds Two Exploration Blocks

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TotalEnergies (TTE.PA, TTE.L) said Thursday it made a new oil discovery at the Acacia-5 prospect on Block 17 offshore Angola and plans to bring it into production three months after the June discovery.

The French energy giant expects Acacia-5 to add 6,000 barrels per day to Block 17 production by using available capacity at the Pazflor floating production, storage and offloading vessel.

Separately, TotalEnergies agreed with Angola's Agência Nacional de Petróleo, Gás e Biocombustíveis, ANPG, to acquire a 40% operated interest in exploration Blocks 17/25 and 32/21 in the Lower Congo Basin.

TotalEnergies holds a 38% operated interest in Block 17.

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