French energy giant TotalEnergies is expanding its offshore oil operations in both Angola and Nigeria as part of a long-term strategy aimed at increasing production, exploring new reserves and improving existing assets across Africa.
The company is focusing heavily on deepwater projects, offshore exploration and redevelopment of mature oil fields. Its growing investments come at a time when African oil-producing nations are seeking to maintain strong crude oil output despite global energy transition pressures.
In Angola, TotalEnergies continues to strengthen its position through major offshore developments. The company’s Angola Country Manager, Martin Deffontaines, is expected to speak at the upcoming Angola Oil & Gas Conference & Exhibition in September, where discussions will focus on sustaining Angola’s oil production above one million barrels per day.
One of the company’s biggest projects in Angola is the Kaminho deepwater development located in the Kwanza Basin. The project, valued at nearly $6 billion, reached its final investment decision in 2024 and is expected to begin production in 2028.
According to TotalEnergies, the Kaminho project could produce around 70,000 barrels of oil per day using a Floating Production Storage and Offloading vessel (FPSO) equipped with lower-emission technologies. The development is considered one of Angola’s major upcoming offshore oil investments.
The company also secured an agreement with Angola’s National Oil, Gas & Biofuels Agency to extend the operating license for Block 32 until 2043. The block includes the Kaombo project and six producing offshore fields, further strengthening TotalEnergies’ long-term presence in the country.
In addition, TotalEnergies signed a partnership agreement with ExxonMobil and Angola’s national petroleum agency for exploration activities across offshore Blocks 40, 41, 42 and 58 in the Benguela and Namibe basins.
The company is also studying additional opportunities in offshore Blocks 17/06 and 32/21, which are already mature producing areas.
In 2025, TotalEnergies boosted its Angolan production portfolio through the launch of the Begonia and CLOV Phase 3 offshore projects. Together, the projects added about 60,000 barrels of oil per day to the country’s production capacity.
Meanwhile in Nigeria, TotalEnergies is also increasing investment in offshore assets through new partnerships, asset acquisitions and exploration deals.
The company recently signed a production-sharing contract with Nigeria and local energy firm Sapetro for offshore blocks PPL 2000 and PPL 2001 located in the Niger Delta Basin. The offshore blocks cover about 2,000 square kilometers, with TotalEnergies holding an 80 percent operating stake.
The energy company also increased its ownership in offshore block OPL 257 to 90 percent after a swap agreement with Conoil. This move allows TotalEnergies to further assess the Egina South oil discovery and possibly connect it to the existing Egina FPSO facility.
As part of another strategic move, TotalEnergies expanded its exploration partnership with Chevron in Nigeria by transferring a 40 percent non-operating stake to Chevron while still maintaining control of operations.
The company also completed the sale of its 12.5 percent stake in the OML 118 deepwater block, home to the Bonga oil field, to Shell and Eni for $510 million.
TotalEnergies says its growing investments across Angola and Nigeria reflect its strategy of balancing new exploration projects with the optimization of existing offshore infrastructure in Africa’s deepwater oil sector.
