TotalEnergies Strikes Oil in Angola with Acacia-5 Discovery
TotalEnergies has announced a significant offshore oil discovery in Angola, marking its second successful exploration result in the country this year. The Acacia-5 discovery is located in Block 17 and was made in June 2026. The company expects to reach first oil within three months through a fast-track development strategy.
The project will utilize spare processing capacity on the Pazflor FPSO vessel, allowing TotalEnergies to accelerate production without major new infrastructure. Once operational, Acacia-5 is expected to contribute around 6,000 barrels of oil per day to Block 17 output.
TotalEnergies operates Block 17 with a 38% stake, alongside Equinor (22.16%), ExxonMobil (19%), Azule Energy (15.84%), and Sonangol E&P (5%). The company's long-term commitment to Angola's upstream sector is underscored by its acquisition of a 40% operated stake in exploration Blocks 17/25 and 32/21.