TotalEnergies to Develop $6-Billion Oil Project Offshore Angola

TotalEnergies and its partners have decided to move ahead with a $6-billion deepwater oil project offshore Angola, the French supermajor said on Tuesday. TotalEnergies is the operator and holder of 40% in Block 20/11 where the deepwater Kaminho project will be developed. Its partners are Malaysia’s Petronas with a 40% stake and Angola’s oil firm Sonangol with a 20% interest. The Kaminho project to develop the Cameia and Golfinho fields, located 100 kilometers (62 miles) off the coast of Angola, will be the first large deepwater…