Angola: TotalEnergies is Rolling out its Multi-Energy Strategy by Launching Three Projects in Oil, Gas and Solar Energy
July 28 2022 - 9:25AM
Business Wire
Regulatory News:
As part of the rollout of its multi-energy strategy in Angola,
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) announces the launch
of the Begonia oil field, and Quiluma and Maboqueiro gas fields
developments, as well as its first photovoltaic project in the
country, with a capacity of 35 MWp and the possibility of adding 45
MWp in a second phase.
Begonia, the first development on Block 17/06
TotalEnergies today announces the final investment decision for
Begonia, the first development of block 17/06, located 150
kilometers off the Angolan coast, in agreement with concession
holder Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG)
and its partners on Block 17/06.
The Begonia development consists of five wells tied back to the
Pazflor FPSO (floating production, storage and offloading unit),
already in operation on Block 17. After commissioning, expected in
late 2024, it will add 30,000 barrels a day to the FPSO's
production.
After CLOV Phase 3, another satellite project that produces
30,000 barrels a day and was launched on Block 17 in June 2022,
Begonia is the second TotalEnergies-operated project in Angola to
use a standardized subsea production system, saving up to 20% on
costs and shortening lead times for equipment delivery.
The project represents an investment of $850 million and 1.3
million man-hours of work, 70% of which will be carried out in
Angola.
Quiluma and Maboqueiro, Angola's first non-associated natural
gas projects TotalEnergies also announces the final investment
decision for the “Non Associated Gas 1” (NAG1) project, in which
the Company holds an 11.8% interest alongside its partners, Eni
(operator with 25.6%), Chevron (31%), Sonangol P&P (19.8%) and
bp (11.8%).
NAG1 is the first non-associated natural gas project developed
in Angola. Gas produced from the Quiluma and Maboqueiro offshore
fields will supply the Angola LNG plant, improving Angola's LNG
production capacity and the availability of domestic gas for the
country's industrial development. Production is scheduled to start
in mid-2026.
Quilemba, Angola's first TotalEnergies solar plant
TotalEnergies, alongside the Ministry of Energy and Water as well
as its partners Sonangol and Greentech, was also awarded by the
Angolan authorities, the concession for the construction of the
Quilemba photovoltaic plant, with initial capacity of 35 MWp and
the possibility of adding 45 MWp in a second phase.
The plant will be located in the southern city of Lubango and
should come on stream at the end of 2023. It will contribute to the
decarbonization of Angola’s energy mix and, through a fixed-price
Power Purchase Agreement (PPA), deliver significant savings for the
Angolan government compared to the fuel used in existing power
plants. TotalEnergies holds an 51% interest in Quilemba solar,
alongside affiliates of Sonangol EP (30%) and Angola Environment
Technology (Greentech, 19%).
"Begonia, NAG1 and Quilemba illustrate the deployment of our
multi-energy strategy in Angola, where TotalEnergies has been
active for nearly seventy years," said Patrick Pouyanné,
Chairman and CEO of TotalEnergies. “With Begonia, the first
subsea tieback to another block, we are leveraging the existing
Pazflor infrastructure, reducing costs, thanks largely to the
standardization of subsea equipment, and continuing to innovate in
the deep offshore. With the NAG1 project, we will contribute to the
country’s industrial development and enable Angola, from 2026, to
increase its LNG production and to contribute to the security of
supply of Europe and Asia. Quilemba will allow us to harness the
country's solar potential and develop a sustainable model for the
production of electricity. These three projects demonstrate
TotalEnergies' ambition to support Angola during the energy
transition by producing energy with low carbon intensity and
developing renewables in a country with strong potential."
***
TotalEnergies in Angola 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 in supporting the country’s sustainable energy
transition.
Block 17/06 TotalEnergies operates Block 17/06 with a 30%
interest, alongside affiliates of Sonangol P&P (30%), SSI
(27.5%), ACREP/Somoil (5%), Falcon Oil (5%) and PTTEP (2.5%).
About TotalEnergies TotalEnergies is a global
multi-energy company that produces and markets energies: oil and
biofuels, natural gas and green gases, renewables and electricity.
Our more than 100,000 employees are committed to energy that is
ever more affordable, cleaner, more reliable and accessible to as
many people as possible. Active in more than 130 countries,
TotalEnergies puts sustainable development in all its dimensions at
the heart of its projects and operations to contribute to the
well-being of people.
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