ENXTPA:TTEOil and Gas
TotalEnergies (ENXTPA:TTE) Plans Acacia 5 Oil Production Within Three Months
TotalEnergies (ENXTPA:TTE) plans to bring the new Acacia-5 oil discovery on Angola's Block 17 into production within three months.
The group intends to use existing FPSO facilities on Block 17 to accelerate Acacia-5 deployment instead of building new infrastructure.
TotalEnergies has expanded its Angolan portfolio by acquiring operated interests in exploration Blocks 17/25 and 32/21 in the Lower Congo Basin.
The rapid Acacia-5 start up and new Angola blocks matter, but investors should weigh...