The announcement was made by the director general of the French multinational, Patrick Pouyanné, at the end of an audience with President João Lourenço, on Tuesday.
"This year, we have made available 3 billion dollars that will be invested in specific oil projects in the Kwanza River Basin, such as the Begónia exploration project and others for the expansion of Block 17", declared Patrick Pouyanné.
Patrick Pouyanné also informed that, as of 2024, Total Energies intends to create new projects, such as "Águas Profundas", "Cameia", "Golfinho", for the Kwanza River Basin, where it intends to explore seven blocks.
TotalEnergies currently produces 550,000 barrels of oil per day, which represents almost 50 percent of Angola's oil production.
The director general of TotalEnergies also discussed the possibility of the company supplying solar energy to the mining industry in the country, with a view to reducing costs in the sector.
TotalEnergies signed an agreement in June last year to create a solar park in Huíla province, which will generate 35 megawatts for the national grid.
"In Angola we are not only focused on the oil and gas sector as was tradition, but also on the area of renewable energies", said Patrick Pouyanné, who admitted the addition of another 8 megawatts to the Huíla Solar Park, in a total investment of 100 million of dollars.
