Major operators step up investment in exploration and production in Angola

Major operators step up investment in exploration and production in Angola

Major Operators Reaffirm Commitment to Angola’s Next Exploration Phase at AOG 2025

Leading operators active in Angola reaffirmed their commitment to driving the next phase of exploration and production in the country during an ENSA-sponsored panel at the Angola Oil & Gas 2025 Conference and Exhibition. Representatives from ExxonMobil, TotalEnergies, Chevron, Sonangol, and Cabship highlighted how the industry’s 50-year success story has created the foundation for a new stage of growth in Angola.

With a proven track record of executing major offshore projects in Angola, ExxonMobil continues to invest heavily in exploration activities, including entering frontier basins like Namibe, while reinvesting in producing assets to maximize resources.

“ExxonMobil has produced over 2.5 billion barrels and developed a workforce of more than 200 people. After more than 30 years, we remain committed to Angola for many more years to come. In 2025, we signed the license extension for Block 15. These extensions allow us to continue exploration. We also invested in Namibe last year, and the evaluation process is ongoing,” stated Katrina Fisher, Managing Director of ExxonMobil Angola.

With a long-standing presence in the country, TotalEnergies also reiterated its commitment to Angola’s oil future. In 2025, the company increased national production capacity with two major projects that added 60,000 barrels per day to the market.

“Angola has not only evolved in the development and production of offshore projects but has also helped advance the global oil and gas industry itself. TotalEnergies has accompanied the country on this journey with a pioneering spirit. I am certain this will continue,” emphasized Martin Deffontaines, Managing Director of TotalEnergies E&P Angola.

For its part, Sonangol continues to develop both onshore and offshore projects, aiming to support national production targets and consolidate its position as the engine of the upstream sector.

“As a state-created company, Sonangol has the mission of fulfilling the country’s objectives. The company has grown and diversified its operations across various sectors. Using Sonangol as a vehicle, the Government has promoted economic development,” stated Edson Pongolola, Director of Planning and Management Control at Sonangol.

Meanwhile, Chevron maintains natural gas as a strategic priority, being at the forefront of the national strategy to develop this resource. The company’s offshore projects provide essential feedstock to Angola LNG.

“We continue to envision a future where gas contributes to both the energy transition and economic growth. Angola LNG is near maximum capacity, and we remain attentive to new opportunities to ensure reliable supply,” declared Frank Cassulo, Managing Director of Chevron’s Southern Africa Strategic Business Unit.

Cabship, which celebrates 16 years of activity in 2025, continues to strengthen Angola’s logistics sector, supporting both upstream and downstream projects. The company has expanded its infrastructure, secured contracts with major operators, and is preparing to launch a diving and offshore support company in the Cabinda Special Economic Zone.

“We manage oil and gas units in Malongo. From that base, we expanded to Soyo and also reached Luanda, where we work with SONILS and Azule Energy. Last week we signed a new contract with Angola LNG. We have sought to add value to the logistics ecosystem and want to build strong relationships,” stated João Filipe, President and CEO of Cabship.

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