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TotalEnergies to Develop $6-Billion Oil Project Offshore Angola
TotalEnergies and its partners have decided to move ahead with a $6-billion deepwater oil project offshore Angola, the French supermajor said on Tuesday. TotalEnergies is the operator and holder of 40% in Block 20/11 where the deepwater Kaminho project will be developed. Its partners are Malaysia’s Petronas with a 40% stake and Angola’s oil firm Sonangol with a 20% interest. The Kaminho project to develop the Cameia and Golfinho fields, located 100 kilometers (62 miles) off the coast of Angola, will be the first large deepwater development in the Kwanza basin. The project will entail the conversion of a very ... (full story)