TotalEnergies makes new oil discovery in Angola

TotalEnergies reported a new oil discovery in Angola that will boost production at Block 17. The company also acquired a 40 percent interest in two new exploration blocks.

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FILE PHOTO: The logo of French oil and gas company TotalEnergies is seen at a petrol station in Paris, France, March 25, 2026. REUTERS/Abdul Saboor/File Photo

TOTALENERGIES SE flagged a new oil discovery in Angola and secured a 40% operated interest in two exploration blocks, boosting production by 6,000 barrels per day. The French energy major plans a fast-track development to pump first oil within three months.

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