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TotalEnergies flags new oil discovery, enters two exploration blocks in Angola
Source: reuters.com
Energy Markets & PricesCommodities & Raw MaterialsM&A & Restructuring
TotalEnergies announced a new oil discovery in Angola and agreed to acquire a 40% operated stake in two additional exploration blocks. The moves expand the French oil major's upstream exploration footprint in Angola and could support its longer-term production portfolio, though no reserve or financial terms were disclosed.
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