TotalEnergies and Angola sign block 29 deal

The country’s offshore upstream remains a draw for IOCs even as they grow increasingly selective about their portfolios

Angolan state-owned energy regulator the ANPG has signed a production-sharing contract with TotalEnergies’ Angolan subsidiary for the country’s offshore block 29. Total E&P Angola will operate the block with a 42.8pc stake. The French firm’s partners in the development are Norway’s Equinor (22.8pc), BP (8.8pc), Malaysian NOC Petronas (5.6pc) and Angola’s state-owned Sonangol (20pc). Block 29 is in the Namibe Basin at a water depth of 1,500-2,500m, around 75km from the coast Licensing round extension Sonangol has also extended the deadline for bids in its latest licensing round, citing high interest. Bidders now have until 20 September to submit proposals for the nine blocks offered in th