What is TotalEnergies' announced investment plan for Angola, and over what timeframe?

TotalEnergies plans to invest $10 billion with partners in Angola over the next five years across various projects, as stated by CEO Patrick Pouyanne at an oil conference in Luanda.

Why is TotalEnergies making this investment, and what production level is it aiming to sustain in Angola?

The investment is necessary to maintain Angola’s oil production levels amid maturing offshore fields; TotalEnergies currently produces around 450,000 barrels per day in Angola and is working to sustain that output as the country strives to maintain overall national production of about 1 million barrels per day.

TotalEnergies plans $10 billion Angola investment with partners over five years, CEO says

Sep 9, 2026

TotalEnergies CEO Patrick Pouyanne announced a $10 billion investment in Angola over five years to sustain crude output, securing new exploration licenses and launching an AI geoscience initiative.

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