Petroleum Africa
Find us on: 
Wednesday, May 30, 2018
During an official visit to France by João Lourenço, the president of Angola, Patrick Pouyanné, Chairman and CEO of Total, and Carlos Saturnino, chairman of the board of directors of Sonangol, signed several agreements covering the group’s upstream and downstream activities in Angola.
The agreements included a risk service agreement for the deepwater Block 48 exploration license, which Total will operate. Total and Sonangol are 50/50 partners in Block 48 in Angola’s ultra-deep offshore. The first, two-year phase of the program includes drilling a well. A framework agreement for the future JV between Total and Sonangol to jointly develop a network of service stations in Angola, including petroleum product logistics and supply was also signed.
On the local content end, a MoU was signed to fund 50 new scholarships for young Angolans to study at French universities by end-2019.
“As today’s agreements and the launch of the Zinia 2 development demonstrate, Total, as Angola’s main oil and gas producer, continues to help develop the country’s oil and gas resources. The Group appreciates the joint efforts of the Angolan authorities, Sonangol and the industry to enhance taxation framework and regulations. These changes are vital to revive investment in this key sector of the Angolan economy and develop new projects, including those planned in Block 17,” said Pouyanné. “First oil from Kaombo in summer 2018 will be the next milestone in the history of Total in Angola.”
" alt="First LNG Realized at the Greater Tortue Ahmeyim Project">
" alt="United Energy Acquires Western Desert Producer APEX">
" alt="Baker Hughes Announces Major Gas Technology Orders for Venture Global LNG">
" alt="ReconAfrica: Naingopo Results Demonstrate a Working Petroleum System">
" alt="Tullow Highlights 2025 Operational Plans in Ghana">
" alt="TotalEnergies to Supply 1.5 TWh to STMicroelectronics in France Over 15 years">
" alt="Rockhopper Reaches Final Settlement with United on Egypt’s Abu Sennan Concession">
" alt="Oil & Gas Crucial for African Growth: AEC Calls for Industry Support to Defend African Market">
