PETRONAS Angola E&P Ltd (PETRONAS Angola E&P), a subsidiary of PETRONAS, and its partners TotalEnergies EP Angola Block 20 (TotalEnergies) and Sonangol Pesquisa e Produção S.A. (Sonangol P&P) have reached the Final Investment Decision (FID) to develop the Cameia and Golfinho fields in Block 20/11, located 100 kilometres offshore Angola.

PETRONAS Angola E&P holds 40 per cent participating interest in the block, while the operator TotalEnergies also holds 40 per cent, and Sonangol P&P holds the remaining 20 per cent.

PETRONAS President and Group CEO, Tan Sri Tengku Muhammad Taufik said, “This milestone is in line with PETRONAS’ continued efforts to strengthen our international portfolio as well as our presence in Africa. Reaching the FID for this development in the Kwanza basin further demonstrates our steadfast commitment to deliver much-needed reliable energy to our customers and sustainable long-term value to our stakeholders.”

The project will involve the conversion of a Very Large Crude Carrier (VLCC) into a Floating Production Storage and Offloading (FPSO) unit, which will be connected to the subsea production system. It will incorporate technologies to reduce greenhouse gas emissions and will be designed to prevent flaring by reinjecting associated gas back into the reservoirs.

Executive Vice President and Chief Executive Officer of Upstream PETRONAS, Datuk Adif Zulkifli said, “The FID represents a significant milestone in realising PETRONAS’ investment in the deepwater Kwanza basin in Angola. We will work closely with our partners and host authority to seamlessly execute the project.”

PETRONAS continues to grow its global resources during the energy transition, to ensure the security of affordable and reliable energy supply for its customers around the world through a low-carbon low-emission operations.

About Petronas

Established in 1974, Petroliam Nasional Berhad (PETRONAS) is a global energy and solutions company, ranked amongst the largest corporations on Fortune Global 500®️. As an integrated global LNG producer with over 37 years of experience, PETRONAS provides an uninterrupted supply of LNG to more than 25 countries around the world. PETRONAS has safely delivered more than 11,000 cargoes globally, sourced from its portfolio of facilities located in Malaysia, Australia and Egypt.

À propos de TotalEnergies

TotalEnergies est une compagnie multi-énergies mondiale de production et de fourniture d’énergies : pétrole et biocarburants, gaz naturel et gaz verts, renouvelables et électricité. Ses plus de 100 000 collaborateurs s'engagent pour une énergie toujours plus abordable, plus durable, plus fiable et accessible au plus grand nombre. Présente dans près de 130 pays, TotalEnergies inscrit le développement durable dans toutes ses dimensions au cœur de ses projets et opérations pour contribuer au bien-être des populations.

About Sonangol

Sociedade Nacional de Combustíveis de Angola, E.P. — is the state-owned oil company, responsible for the management of oil and natural gas exploration on the subsoil an​d continental shelf of Angola, and is responsible for the exploration, production, manufacturing, transportation and marketing of hydrocarbons in Angola. We operate in an efficient safe and transparent manner, and are committed to environmental protection. Our purpose is to promote the harmonious development of the country and reinforce sustainable use of hydrocarbon resources.