TotalEnergies (40%), along with its Block 20/11 partners, Petronas (40%) and Sonangol (20%), announced the Final Investment Decision (FID) of the $6-billion Kaminho project to develop the Cameia and Golfinho fields, located 100 km off the coast of Angola, in 1,700 m water-depth. This FID has been made possible thanks to a close collaboration with the concessionaire Agencia Nacional de Petroleo e Gas (ANPG).

The Kaminho project—the first large deepwater development in the Kwanza basin—comprises the conversion of a Very Large Crude Carrier (VLCC) to a Floating Production Storage and Offloading (FPSO) unit, which will be connected to a subsea production network.

Designed to minimize greenhouse gas emissions and eliminate routine flaring, this FPSO is all-electric and associated gas will be fully reinjected into the reservoirs. Production start-up is expected in 2028, with a plateau of 70,000 barrels of oil per day.

The Kaminho project will involve more than 10 million man-hours in Angola, mainly with offshore operations and construction at local yards.

TotalEnergies and Sonangol EP also signed a Memorandum of Understanding to share expertise on Research & Technology, notably in decarbonization of the Oil & Gas industry, with a strong focus on methane emissions reduction and renewable energies. TotalEnergies’ teams will provide support to Sonangol EP for the start-up and operation of its new Sumbe R&D center and for the development of the skills of the Sonangol research and technology teams, with a focus on reservoir geology, process electrification and photovoltaics.

This project, which leverages innovation to fit with our investment criteria—breakeven under 30 $/b and carbon intensity of 16 kg CO₂e/boe—will become our seventh FPSO in the country and the first-ever development in the Kwanza basin.

—Patrick Pouyanné, Chairman and CEO of TotalEnergies

The Kwanza basin is located both on- and off-shore Angola. Qiu et al.

TotalEnergies has been present in Angola since 1953 and today employs around 1,500 people across different business segments. With a diversified portfolio, deep offshore operated assets representing more than 45% of the country’s oil production, service stations in partnership with Sonangol and renewable energy projects, TotalEnergies in Angola is a key player.

Resources

• Longjun Qiu, Zhaoxi Chen, Yalei Liu, “Recognition of the pre-salt regional structure of Kwanza basin, offshore in West Africa, derived from the satellite gravity data and seismic profiles,” Journal of Geophysics and Engineering, Volume 17, Issue 6, December 2020, Pages 956–966, doi: 10.1093/jge/gxaa055