The investment aims to maintain and potentially increase the company's oil production in Angola, where it currently operates at around 450,000 barrels per day. Key projects include the $6 billion Kaminho development, expected to start production in 2028, and expanded exploration efforts, including a new discovery in Block 17 that could add approximately 6,000 barrels per day. The move strengthens TotalEnergies' position in Angola, a major oil-producing market, but analysts note a significant portion of the investment may be needed to offset natural declines from mature fields.