TotalEnergies acquires 40% operated interest in Angola offshore exploration blocks 17/25 and 32/21
Type: Partnership · Technology: Oil Gas · Country: Angola · Announced: 2026-09-10
TotalEnergies signed agreements with Angola's Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG) to take a 40% operated interest in exploration Blocks 17/25 and 32/21, with ExxonMobil holding 40% and Sonangol E&P holding the remaining 20%. The blocks are located near TotalEnergies-operated Blocks 17 and 32, where six FPSOs are currently producing, providing the potential to tie future discoveries back to existing facilities. Blocks 17/25 and 32/21 also have existing 3D seismic coverage and access to several prospective geological plays. Separately, TotalEnergies signed a Head of Agreement with ANPG and ExxonMobil in February 2026 to farm into exploration Blocks 40, 41, 42 and 58 in the Benguela Basin with a 35% interest. Patrick Pouyanné, Chairman and CEO of TotalEnergies, stated the exploration successes demonstrate the attractiveness of Angola and the company's confidence in its future. The Acacia-5 development will use available capacity on the Pazflor FPSO and is expected to add 6,000 barrels per day to Block 17 production.
Analysis
TotalEnergies signed agreements with Angola's ANPG on 10 Sep 2026 to acquire a 40% operated interest in offshore exploration blocks 17/25 and 32/21, with ExxonMobil holding 40% and Sonangol E&P holding the remaining 20%. ExxonMobil is an energy and chemical company that develops next‑generation technologies and invests in a portfolio of projects worldwide. TotalEnergies is a global integrated energy company operating in around 120 countries with over 100,000 employees. The blocks are adjacent to TotalEnergies‑operated Blocks 17 and 32, have existing 3D seismic coverage, and the Acacia‑5 development will use capacity on the Pazflor FPSO to add 6,000 barrels per day to Block 17 production.
Key points
- TotalEnergies acquisition of 40% operated interest in blocks 17/25 and 32/21
- Agreement signed on 10 Sep 2026 with Angola's ANPG
- ExxonMobil holds 40% and Sonangol E&P holds 20% in the same blocks
- Acacia‑5 development to add 6,000 barrels per day via Pazflor FPSO
- Blocks located near existing TotalEnergies Blocks 17 and 32 with six FPSOs producing
Counterparties
- ExxonMobil (Partner)
- TotalEnergies (Buyer)
- Sonangol E&P (Partner)
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