TotalEnergies Starts Three Projects in Angola
28 Juillet 2022 - 04:05PM
Dow Jones News
By Giulia Petroni
TotalEnergies SE on Thursday said that it has started one oil
and one gas field developments as well as a photovoltaic project in
Angola.
The French major said the Begonia oil field, located 150
kilometers off the coast, is the first development of block 17/06
and represents an investment of $850 million. Commissioning is
expected in late 2024.
The company also made a final investment decision for the
Quiluma and Maboqueiro gas fields developments, which are set to
supply liquefied natural gas to the country. Production is set to
start in mid-2026. TotalEnergies holds a 11.8% interest in the
project, alongside Eni SpA, Chevron Corp., Sonangol P&P and BP
PLC.
In addition, TotalEnergies was also awarded the concession for
the construction of the Quilemba photovoltaic plant by the Angolan
authorities.
The plant will have an initial capacity of 35 megawatts peak and
the possibility of adding 45 MWp in a second phase. It should come
on stream at the end of next year.
TotalEnergies holds an 51% interest in Quilemba solar, alongside
Sonangol EP and Greentech Angola Environment Technology.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
July 28, 2022 09:50 ET (13:50 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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