Total has reached an agreement with Sonangol to acquire interests in offshore blocks 20/11 + 21/09 in the Kwanza Basin. Partnership becomes Total (op), 50%, BP 30%, Sonangol 20% in 20/11 (4,800 sq km), WD 300-1,700m, and Total (op) 80%, Sonangol 20% in 21/09 (4,882 sq km), WD1,600-1,800m. These blocks contain the Cameia, Mavinga, Bicuar + Golfinho for which a devt hub is to be set up.   Total will pay Sonangol USD 400 mMMillion at closing plus USD 100 MM at FID.
Total has reached an agreement with Sonangol to acquire interests in offshore blocks 20/11 + 21/09 in the Kwanza Basin. Partnership becomes Total (op), 50%, BP 30%, Sonangol 20% in 20/11 (4,800 sq km), WD 300-1,700m, and Total (op) 80%, Sonangol 20% in 21/09 (4,882 sq km), WD1,600-1,800m. These blocks contain the Cameia, Mavinga, Bicuar + Golfinho for which a devt hub is to be set up. Total will pay Sonangol USD 400 mMMillion at closing plus USD 100 MM at FID