Skip to main content

TotalEnergies and Inpex sell stake in Angola offshore block

Published by
Oilfield Technology,


TotalEnergies has signed an agreement to sell, jointly with Inpex, Angola Block 14 B.V. to the Angolan company Somoil.

Angola Block 14 B.V., 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. Net production from Angola Block 14 B.V. was 9000 boe/d in 2021.

“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" said Henri-Max Ndong-Nzue, Senior Vice President Africa of TotalEnergies Exploration & Production. “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."


Read the latest issue of Oilfield Technology in full for free: Issue 4 2021

The issue starts with a report from Rystad Energy focusing on the outlook for the upstream industry in the Middle East. The rest of the issue is dedicated to features covering production optimisation, drill bits, pipeline integrity, health and safety, and more.

Exclusive contributions come from Varel Energy Solutions, Rystad Energy, Gyrodata, 3X Engineering, Tracerco, Ulterra Drilling Technologies and more.

Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/17012022/totalenergies-and-inpex-sell-stake-in-angola-offshore-block/

You might also like

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

Upstream news Offshore news Oil & gas news