Overview of the Block 32 Agreement

TotalEnergies has secured an extension of its operatorship for Block 32 offshore Angola until 2043, following a key agreement with the country's upstream and midstream regulator, ANPG. This deal underscores Angola's commitment to creating a stable and predictable legal environment to encourage further investments in both producing fields and undeveloped discoveries. The ANPG emphasized that the agreement was reached through transparent dialogue and negotiation, aiming to enhance the attractiveness of Angola's oil sector for new investments.

Current Production and Infrastructure

Block 32 currently hosts two floating production, storage, and offloading vessels (FPSOs)—Kaombo Norte and Kaombo Sul—supplied by Saipem. These FPSOs tap into six discoveries: Gengibre, Gindungo, Caril, Canela, Mostarda, and Louro via subsea wells. The combined production capacity of the FPSOs is 230,000 barrels per day (bpd), though actual production in March of this year averaged approximately 107,000 bpd. Ongoing and planned projects aim to boost output further.

Ongoing and Future Developments

According to TotalEnergies' 2025 annual report, drilling of development and infill wells is progressing as part of the Kari Phase 1 project. Additionally, discoveries in the northern area of the block—including Alho, Caril, Cola, Colorau, Cominhos, and Manjericao—are being assessed for potential development. These northern discoveries have previously been considered as subsea tiebacks to the FPSO, with the Kaombo Norte FPSO located closest to the Caril and Cola finds. Currently, the Sonangol Quenguela drillship is the only active rig in the block, operating at the Salsa field.

Industry and Regulatory Perspectives

NJ Ayuk, executive chairman of the African Energy Chamber, praised the agreement, stating that it demonstrates the effectiveness of Angola's policy reforms. He noted that major global operators commit to multi-decade developments only when they have confidence in the regulatory environment, resource base, and long-term market stability. Ayuk highlighted that Angola has established a framework that encourages reinvestment, supports mature asset optimization, and provides international investors with the confidence to deploy capital at scale. TotalEnergies declined to comment, directing inquiries to the ANPG announcement.