Image: Marco Longari/AFP via Getty Images
By: Mandisa Nduli
Oil major Total is determined to develop Angola’s oil sector, noting President Joao Lourenco’s visit to France last may as playing a key role in the company’s further investment in the country.
Speaking on the sidelines of an oil and gas conference organized by the African Petroleum Producers Organization (APPO), Director of Operations at Total, Olivier Jouny confirmed the French company’s strong investment in Angola, saying that in six months, the company had invested $2.5 billion in Block 17 with three projects.
Having taken on exploration, research, development and production of liquid and gaseous hydrocarbons on Block 48 earlier this year from the national concessionaire, Sonangol, Jouny said: “We are investing to put new equipment on production platforms in Angola and also to try to [maximize] Angolan human resources.”
With a long history in Angola, Total continues its commitment to the development of the country’s oil sector.
“We are willing to continue as the first operator in the country and to be a very committed partner in Angolan society,” said Jouny.
Total is the country’s leading oil operator, its production averaged 229,000 barrels of oil equivalent per day in 2017.
Endorsed by the Ministry of Mineral Resources and Petroleum, Africa Oil & Power will organize the first Oil & Gas conference, which will be held on June 4-6, 2019 in Luanda. Registration is now open.