Latest news with #ANPG
Zawya
a day ago
- Business
- Zawya
ExxonMobil Partners with African Energy Week (AEW) 2025 as Diamond Sponsor – Showcasing Major Investments, Youth Science, Technology, Engineering and Mathematics (STEM) Africa Initiatives, and Highlighting Women in Energy
As a Diamond Sponsor at AEW, ExxonMobil reaffirms its long-standing commitment to Africa's energy future through ambitious new investments, frontier exploration and impactful educational programs. The company will take a central role in shaping dialogue on the continent's upstream outlook, LNG development and the transition to more inclusive energy systems. As the world's largest publicly listed, private integrated energy company, ExxonMobil continues to be a leader in the frontier exploration space and deepen its footprint in Africa through a series of forward-looking, high-impact initiatives. In Nigeria, the company looks to make significant investment in the deepwater as part of a broader strategy to help increase national output. This comes on the heels of sustained production efforts at the Erha and Owowo fields, underlining the company's strategic focus on optimizing existing deepwater assets. Further south, ExxonMobil is maintaining production from the prolific Kizomba deepwater development in Angola's Block 15, where it recently signed a Production Sharing Contract (PSC) extension with the Angolan National Agency of Petroleum, Gas and Biofuels (ANPG), extending operations until 2037. The company also renewed its PSC for Block 17, in partnership with TotalEnergies to ensure continued production from key offshore Block 17 fields. In East Africa, ExxonMobil is making headway with the long-anticipated Rovuma LNG project in Mozambique's Area 4. The project – expected to reach a final investment decision in 2026 – aims to bring an additional 18 million tons per annum (MTPA) of LNG to market, building on Mozambique's emergence as a key global gas supplier. Beyond upstream operations, ExxonMobil is also investing in long-term capacity-building through the ExxonMobil Foundation's STEM Africa program. Launched in 2024, the program partners with Junior Achievement Africa to deliver immersive science, technology, engineering and mathematics (STEM) education to students in Nigeria, Namibia, Angola and Mozambique. In its first year alone, the program reached over 3,000 students – 96% of whom expressed interest in pursuing STEM careers. In recognition of its impact, STEM Africa was awarded the Local Impact Award at the Big Five Board Awards in London earlier this month. 'ExxonMobil's role as a Diamond Sponsor at AEW 2025 is a testament to their bold, future-focused investments – from revitalizing offshore oilfields in Nigeria and Angola to advancing LNG capacity in Mozambique and exploring new frontiers in Africa's Atlantic Coast,' states NJ Ayuk, Executive Chairman of the African Energy Chamber. 'Their STEM Africa initiative demonstrates an equally strong commitment to building local talent and empowering young Africans to lead tomorrow's energy industry. This is the kind of strategic partnership Africa needs.' AEW 2025: Invest in African Energies will provide a premier platform for ExxonMobil to engage with African governments, investors, and stakeholders as the continent accelerates toward energy security and industrial growth. With a broad and growing portfolio, ExxonMobil continues to lead Africa into its next era of energy development. Distributed by APO Group on behalf of African Energy Chamber. About African Energy Week: AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit for more information about this exciting event.
Zawya
7 days ago
- Business
- Zawya
Angola's National Oil, Gas & Biofuels Agency (ANPG) Drives Ambitious Investment Strategy, Joins African Energy Week (AEW) 2025 as Diamond Partner
Angola's upstream regulator the National Oil, Gas&Biofuels Agency (ANPG) has joined Africa's largest energy event – African Energy Week (AEW): Invest in African Energies – as a Diamond Partner. The ANPG's participation comes as Angola witnesses a $60 billion investment drive across its upstream oil and gas industry between 2025 and 2030, led by a series of ambitious exploration and production projects. As the country strives to sustain oil production above one million barrels per day (bpd) while diversifying the industry through non-associated gas development, AEW: Invest in African Energies 2025 will serve as a vital platform for advancing investment across Angola's blocks. Angola's upstream capital expenditure drive is largely accredited to the ANPG's multi-year licensing strategy – launched in 2019 -, which laid the foundation for greater investment in both brownfield and greenfield blocks. Through this strategy, the ANPG aims to award 50 concessions by 2025, with 30 new concessions already awarded to date. Currently, the ANPG is preparing to launch its next licensing round in 2025, offering ten blocks for investment in the offshore Kwanza and Benguela basins. At AEW: Invest in African Energies 2025, insights into this licensing strategy will support future investments in Angola. AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit for more information about this exciting event. Beyond the multi-year licensing strategy, the ANPG has introduced a series of flexible investment structures that enable operators to invest in Angolan blocks out of the confines of traditional bid rounds. Through its permanent offer program, the ANPG has enticed spending across blocks that have not been awarded under the bid rounds. At present, up to 11 blocks are available on direct negotiation. Meanwhile, the country also launched five marginal fields for investment in 2024. These fields are suited for smaller players seeking near-term production and are situated in producing blocks with proven petroleum systems. The ANPG also introduced an Incremental Production Initiative in 2024, aimed at enticing investment in producing and maturing assets. The program features improved fiscals for operators seeking to reinvest in ageing assets and has already yielded positive results. Energy major ExxonMobil, for example, made a discovery at the Likember-01 well in 2024. This find represented the first under the initiative. These investment structures have laid the groundwork for billion-dollar projects in Angola. Between 2025 and 2028, the country expects several major projects to come online. These include the Cabinda Oil Refinery (2025); the Agogo Integrated West Hub Development (2025); the New Gas Consortium's non-associated gas project (2026); and the Kaminho Deepwater Development (2028). The country is also spearheading onshore exploration with the aim of revitalizing production across inland basins. A range of onshore contracts have been signed by the ANPG and international operators in recent months, covering strategic acreage in the onshore Kwanza and Lower Congo basins. The ANPG also signed deals with XTG and ReconAfrica for exploration rights in the frontier Etosha-Okavango basin, with the companies targeting play-opening discoveries. As sub-Saharan Africa's second largest oil producer, Angola is also making forays into non-associated gas development. With the majority of the country's gas developed through associated projects, the country is targeting gas-focused exploration wells under efforts to enhance feedstock for the Angola LNG plant, increase LPG production and support long-term economic growth through gas-to-power, petrochemicals and job creation opportunities. In July 2025, project partners at Block 1/14 in the Lower Congo basin made a new gas discovery at the Gajajeira-01 exploration well. Initial assessments suggest reserves of up to one trillion cubic feet of gas and up to 100 million barrels of associated condensate. An upcoming Gas Master Plan – offering a comprehensive guide to investing in Angola's gas industry – is expected to further support discoveries of this nature, affirming the country's position as a major gas producer. 'The ANPG's investment strategy is one that should be replicated across various African countries. It's multi-year licensing round offers recurring opportunities for companies to invest in onshore and offshore blocks while its permanent offer program introduces flexibility for operators. Marginal fields entice smaller players to invest while incremental production encourages spending in producing assets. This strategy has already led to large-scale projects and will continue to strengthen Angola's oil and gas market for years to come,' states Tomás Gerbasio, VP Commercial and Strategic Engagement, African Energy Chamber. Distributed by APO Group on behalf of African Energy Chamber.
Zawya
7 days ago
- Business
- Zawya
Angola boosts oil output by 60,000 bpd
Angola's attempts to stabilise its waning crude oil production received a boost when two offshore projects started up, adding a total of 60,000 barrels per day to national output, the country's national oil and gas agency, ANPG, said. Sub-Saharan Africa's second-largest oil producer after Nigeria, Angola has overhauled its oil and gas regulations to attract energy companies and help stabilise oil production, which has halved due to maturing fields since reaching a peak of around 2 million barrels per day (bpd) in 2008. Last year, President João Lourenço approved a law that offers new incentives to incrementally expand production in offshore blocks, after Angola decided to leave OPEC following a spat over crude output allocations. Both the offshore CLOV Phase 3 development and the Begonia project will separately produce 30,000 bpd. Located in Block 17, the CLOV 3 satellite project will be linked to an existing floating production storage and offloading (FPSO) vessel and will help Angola maintain its overall production above 1 million bpd, government and company officials said. "This is good news for the country. First oil is always very important," Paulino Jerónimo, chairman of the board of directors of the National Agency for Oil, Gas, and Biofuels (ANPG), said in a statement. Block 17 is operated by TotalEnergies with a 38% stake, together with Equinor (22.16% stake), ExxonMobil (19%), Azule Energy (15.84%) and Sonangol E&P (5%). Situated some 150 kilometres off Angola's coastline, Begonia is the country's first inter-block subsea development that links Blocks 17 and 17/06 and uses the Pazflor FPSO. "We will produce oil from one block using existing facilities from another," Martin Deffontaines, general manager of TotalEnergies Angola, said in a statement.
TimesLIVE
24-07-2025
- Business
- TimesLIVE
Angola gets 60,000 barrels per day oil production bump
Angola's attempts to stabilise waning crude oil production received a boost on Wednesday when two offshore projects started up, adding a total of 60,000 barrels per day to national output, the country's national oil and gas agency ANPG said. Sub-Saharan Africa's second-largest oil producer after Nigeria, Angola has overhauled its oil and gas regulations to attract energy companies and help stabilise oil production that has halved because of maturing fields since reaching a peak of around 2-million bpd in 2008. Last year, President Joao Lourenco approved a law that offers new incentives to incrementally expand production in offshore blocks, after Angola decided to leave OPEC following a spat over crude output allocations. Both the offshore CLOV Phase 3 development and the BEGONIA project will separately produce 30,000 bpd. Located in Block 17, the CLOV 3 satellite project will be linked to an existing floating production storage and offloading (FPSO) vessel and will help Angola maintain its overall production above 1-million bpd, government and company officials said.
Business Wire
23-07-2025
- Business
- Business Wire
TotalEnergies - Angola: Start-up of BEGONIA and CLOV Phase 3 Offshore Projects
PARIS--(BUSINESS WIRE)-- TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) announces the start of production from the BEGONIA and CLOV Phase 3 offshore projects, leveraging ullage in the PAZFLOR and CLOV floating production, storage and offloading units (FPSO) to add a total of 60,000 barrels a day of new production. These two subsea tie-back projects deliver additional production leveraging available capacity on existing FPSO's and as such have low marginal costs and low carbon intensities. BEGONIA, the first development on Block 17/06 TotalEnergies (30%, operator) announces the start of production from BEGONIA, the first inter-block development in Angola. A project made possible thanks to good cooperation between the Angolan concession holder Agencia Nacional de Petróleo, Gás e Biocombustíveis (ANPG), the partners of the block 17/06, Sonangol E&P (30%), SSI (27,5%), ETU Energias (7.5%), Falcon Oil (5%), and the partners of block 17 also operated by TotalEnergies. Located 150 kilometers off the Angolan coast, BEGONIA is a 30,000 barrels per day project consisting of five wells subsea tied back to the PAZFLOR FPSO. CLOV Phase 3, continued upsides on Block 17 TotalEnergies (38%, operator) also announces the first oil from CLOV Phase 3 in Block 17, in agreement with ANPG and its partners Equinor (22,16%), ExxonMobil (19%), Azule Energy (15.84%) and Sonangol E&P (5%). Located 140 kilometers from the Angolan coast, CLOV Phase 3 is a 30,000 barrels per day project consisting of four wells subsea tie-back to the CLOV FPSO. 'TotalEnergies, operator of Block 17 and 17/06, continues to actively deliver its low-cost and low-emissions developments to grow its upstream production by more than 3% in 2025,' stated Nicolas Terraz, President Exploration & Production at TotalEnergies. 'With BEGONIA and CLOV Phase 3, we are leveraging available production capacity in existing FPSOs of Block 17 (PAZFLOR and CLOV) while reducing costs and emissions.' 'Good news for the country, as those two First Oils will help Angola maintain its production levels above 1 million baril per day. BEGONIA is the first project between Blocks in Angola with a significant component of Local Content and CLOV 3 is a great achievement resulting from intense work between the concessionaire and the B17 contractor group, operated by TotalEnergies. Projects like these are extremely important as they prove the innovative spirit and dynamism of the oil sector in Angola,' declared Paulino Jerónimo, Chairman of the Board of Directors of the National Agency for Petroleum, Gas and Biofuels. *** About TotalEnergies in Angola TotalEnergies has been present in Angola since 1953 and today employs around 1,500 people across different business segments. With a diversified portfolio, deep offshore operated assets representing more than 45% of the country's oil production, service stations in partnership with Sonangol and renewable energy projects, TotalEnergies in Angola is a key player in supporting the country's sustainable energy transition. About TotalEnergies TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables and electricity. Our more than 100,000 employees are committed to provide as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations. @TotalEnergies TotalEnergies TotalEnergies TotalEnergies Cautionary Note The terms 'TotalEnergies', 'TotalEnergies company' or 'Company' in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words 'we', 'us' and 'our' may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies' financial results or activities is provided in the most recent Universal Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC). TotalEnergies Contacts Media Relations: +33 (0)1 47 44 46 99 l presse@ l @TotalEnergiesPR Investor Relations: +33 (0)1 47 44 46 46 l ir@
