Luanda — The French Oil company Total said it spent USD 2.5 billion on three new projects in 2018 to increase the production of more 100,000 barrels of oil per day in block 17 in the Angolan offshore.
This was said Thursday in Luanda by the deputy director general of the French oil company in Angola, Olivier Jouny, at the end of a meeting with the National Assembly's Commission on Economy and Finance.
The official announced the company's plan to re-launch next year oil exploration in ultra-deep waters of block 48 and in the development areas of block 17.
Accounted for 45 percent of Angola's oil production, with 150,000 barrels per day, the oil firm will also focus on developing solar power in the southern region of the country.
Olivier Jouny said there is a potential for renewable energy in the provinces of Huambo and Namibe.
He added that the oil company is currently developing a solar project in areas not connected to the country's electricity grid, in partnership with the Ministry of Energy and Water.
"We have identified a few available areas and we hope to get the deal done quickly," said Total's deputy general manager, without releasing any financial figures.
In terms of social responsibility, he said that Total is carrying out actions for youth in the areas of education and entrepreneurship, culture and support for the women's handball team.
In the ??culture, Total, in partnership with the French Embassy in Angola and the Ministry of Culture, signed a memorandum in Luanda on preservation of the heritage of Mbanza Congo.
Meanwhile, the MP Joaquim David of the 5th commission said that the Parliament has passed legislation on marginal fields to maintain Angolan offshore production levels.
Total Angola is one of the most important subsidiaries of the French group, the 5th largest energy producer in the world, installed on five continents, with operations in over 130 countries and around 100,000 employees.