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TotalEnergies and Inpex sell stake in Angola offshore block

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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."


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

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