TotalEnergies launches the Kaminho deepwater project in Angola alongside Petronas and Sonangol

TotalEnergies announced yesterday the launch of the Kaminho deepwater project to develop the Cameia and Golfinho fields in Angola located 100 km off the coast.

TotalEnergies (40%), along with its Block 20/11 partners, Petronas (40%) and Sonangol (20%), announced the Final Investment Decision (FID) in collaboration with the concessionaire Agencia Nacional de Petroleo e Gas (ANPG).

The $6 billion project is 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, and it connects to a subsea production network.

“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”, said Patrick Pouyanné, Chairman and CEO of TotalEnergies, said in the press statement. 

Sustainability on the forefront

The FPSO is designed to minimize greenhouse gas emissions using all-electric technology, and any associated gas will be reinjected into the reservoirs to eliminate routine flaring. The Kaminho project is scheduled to commence production in 2028, aiming for a daily output of 70,000 barrels of oil. 

The project will require over 10 million man-hours in Angola, focusing on offshore operations and construction at local yards.

Paulino Jerónimo, Chairman of the Board of ANPG, highlighted, “The first development in the maritime zone of the Kwanza basin is important to showcase the opening of new oil frontiers in Angola, and it’s part of our strategy to keep Angola on the top of African oil producers, bringing important income to our economy.”

On this occasion, TotalEnergies and Sonangol EP also signed a Memorandum of Understanding to share expertise on Research & Technology, notably in the decarbonization of the Oil & Gas industry, with a strong focus on methane emissions reduction and renewable energies. 

TotalEnergies will support Sonangol EP for the start-up and operation of its new Sumbe R&D center and the development of the skills of the Sonangol research and technology teams, with a focus on reservoir geology, process electrification, and photovoltaics.