TotalEnergies announces new oil discovery and buys 40% interest in Angola blocks
TotalEnergies said it announced a new oil discovery in Angola and signed agreements to buy a 40% operated interest in two new exploration blocks in the country.
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07:46:36 AM UTC
SquawkNews
French oil major TotalEnergies EURONEXT:TTE on Thursday announced a new oil discovery in Angola and signed agreements to buy a 40% operated interest in two new exploration blocks in the country.The new Acacia-5 discovery will increase production at the company's Block 17 by 6,000 barrels per day, T…
TotalEnergies on Thursday said it has made a new oil discovery in Angola and signed agreements to acquire a 40% operated interest in two new exploration blocks in the country. The company said the new Acacia-5 discovery will lift production at Block 17 by 6,000 barrels per day, though the source text is truncated after that point.