TotalEnergies maintains its significant presence in Angola
TotalEnergies and Inpex divest Angolan stakes
The firms will sell their joint venture and its non-operating stakes to Angola’s Somoil
TotalEnergies and Japan’s Inpex have agreed to sell their stakes in Angola’s block 14 joint venture (JV), in which they hold 50.01pc and 49.99pc respectively. The JV has a 20pc interest in block 14 and another 10pc in the Lianzi field, also known as block 14k. The two shareholders will sell the JV and its non-operating stakes to Angolan private company Somoil, subject to regulatory approval from Luanda. The mature fields have been in production since 1999, and the JV’s share of output averaged 9,000bl/d oe in 2021. “TotalEnergies is implementing its strategy to high-grade its oil portfolio, focusing on assets with low costs and low emissions,” says Henri-Max Ndong-Nzue, senior vice-presiden
Also in this section
12 December 2025
The latest edition of our annual Outlook publication, titled 'The shape of energy to come: Creating unique pathways and managing shifting alliances', is available now
12 December 2025
The federal government is working with Alberta to improve the country’s access to Asian markets and reduce dependence on the US, but there are challenges to their plans
11 December 2025
The removal of the ban on oil and gas exploration and an overhaul of the system sends all the right messages for energy security, affordability and sustainability
10 December 2025
The economic and environmental cost of the seven-year exploration ban will be felt long after its removal
