PETRONAS ANGOLA E&P LTD agreed to acquire 40% stake in Block 20 Angola from TotalEnergies SE (ENXTPA:TTE) for $400 million on January 1, 2023. Block 20 contains the Cameia and Golfinho oil discoveries, located around 150 km southwest of Luanda. TotalEnergies retains the operatorship and a 40% interest in Block 20, alongside PAEPL (40%) and Sonangol Pesquisa e Produção S.A. (20%). The transaction was completed for the value, subject to customary price adjustments.

PETRONAS ANGOLA E&P LTD acquired 40% stake in Block 20 Angola from TotalEnergies SE (ENXTPA:TTE) for $400 million on September 28, 2023.