TotalEnergies has entered into a partnership agreement with Global Infrastructure Partners (GIP), part of BlackRock, involving its interests in certain oil and gas infrastructure assets in Africa.
Under the terms of the agreement, GIP will make a capital contribution of $1.8bn.
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In return, TotalEnergies will pay GIP a throughput-based tariff for up to 15 years.
Details on specific assets have not been disclosed by TotalEnergies.
TotalEnergies chief financial officer Jean-Pierre Sbraire said: “We are pleased to strengthen our relationship with GIP through this infrastructure agreement, which crystallises the value of some of our midstream infrastructure assets in Africa.”
Earlier this month, TotalEnergies announced the Acacia-5 oil discovery in Block 17 offshore Angola. The French company plans to fast-track the development, bringing the new field on-stream just three months after the June 2026 discovery.
The development is expected to add around 6,000 barrels per day to Block 17 production by using spare capacity at the Pazflor floating production, storage and offloading facility.
TotalEnergies operates Block 17 with a 38% interest, alongside partners Equinor (22.16%), ExxonMobil (19%), Azule Energy (15.84%) and Sonangol E&P (5%).
The Acacia-5 discovery is the second exploration success for TotalEnergies in Angola in 2026, following a recent find in Block 0 of the Lower Congo Basin.
TotalEnergies has also signed agreements with Angola’s petroleum regulator, Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG), to acquire a 40% operated interest in two new exploration blocks in the Lower Congo Basin, Blocks 17/25 and 32/21.
In addition, a heads of agreement was signed in February 2026 between TotalEnergies, ANPG and ExxonMobil for a 35% interest in exploration blocks 40, 41, 42 and 58 in the Benguela Basin.
In a separate development, Venezuelan acting president Delcy Rodriguez attended the signing of an energy cooperation agreement between state oil company PDVSA and TotalEnergies E&P New Ventures, a subsidiary of TotalEnergies.
PDVSA president Hector Obregon and TotalEnergies America senior vice-president Francisco Javier Rielo signed the agreement at the Miraflores Palace in Caracas.
Further specifics regarding the terms of the agreement were not disclosed.
