French energy giant TotalEnergies has announced a significant new oil discovery at Acacia-5 within Angola’s prolific Block 17, alongside agreements to acquire a 40% operated interest in two strategic new offshore exploration blocks.
According to an official statement released by the company on Thursday, the rapid find will immediately boost production output at Block 17 by 6,000 barrels per day utilizing existing floating infrastructure.
The company confirmed that first oil from the June 2026 discovery will be achieved within an aggressive three-month window by routing production through the nearby Pazflor Floating Production Storage and Offloading vessel.
Alongside the Acacia-5 milestone, TotalEnergies signed formal agreements with Angola’s national concessionaire, ANPG, securing a 40% operated stake in Blocks 17/25 and 32/21 located within the Lower Congo Basin.
The French major will partner with ExxonMobil, holding a matching 40% interest, and Sonangol E&P holding the remaining 20% across both newly acquired exploration acreage assets.
Unveiled during the high-profile Angola Oil and Gas Conference, the latest developments form part of a broader $10 billion capital commitment earmarked for the Southern African nation over the next five years.
This sustained investment pipeline aims to counter natural field decline across mature offshore basins, ensuring long-term production stability while reinforcing Angola’s position as a cornerstone of continental African hydrocarbon output.
