TotalEnergies expects its Acacia-5 oil discovery to add 6,000 barrels per day to production from Angola’s Block 17. First oil is planned three months after the discovery was made in June 2026.
The company announced the discovery on September 10 at the Angola Oil & Gas Conference. The development will use available capacity on the Pazflor floating production, storage and offloading vessel (FPSO).
TotalEnergies operates Block 17 with a 38% interest. Acacia-5 is the second exploration success in its Angolan portfolio in 2026, following a recent discovery in Chevron-operated Block 0, where TotalEnergies holds a 10% stake.
The company also signed agreements with concessionaire Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG) for a 40% operated interest in exploration Blocks 17/25 and 32/21. ExxonMobil holds 40% and Sonangol E&P 20% in each block.
Both blocks are in the Lower Congo Basin and have extensive 3D seismic coverage. They are close to facilities in TotalEnergies-operated Blocks 17 and 32, where six FPSOs are producing. The company said this would allow additional resources to be developed through future tie-backs to existing facilities.
In February 2026, TotalEnergies signed a head of agreement with ANPG and ExxonMobil to farm into exploration Blocks 40, 41, 42 and 58 in the Benguela Basin with a 35% interest.