Total to invests 2.5 billion USD to increase oil production in offshore AngolaChristian Fernsby ▼ | October 18, 2019
Total has invested 2.5 billion U.S. dollars in three new offshore projects aimed at increasing Angola's oil production, the company said.
Africa Total company
Topics: Total oil Angola
The company also plans to relaunch next year oil exploration in ultra-deep waters of Block 48 and in the development areas of Block 17, both of which are oil fields mainly operated by Total in offshore Angola.
Total, whose output accounts for 45 percent of Angola's oil production, will also focus on developing solar power in the southern region of the country, Jouny said.
The oil company is currently developing a solar project in areas not connected to the country's electricity grid, in partnership with Angola's Ministry of Energy and Water, Jouny said. ■