TotalEnergies has signed an agreement with Global Infrastructure Partners (GIP), part of BlackRock, covering its interests in selected oil and gas infrastructure assets in Africa.
Under the arrangement, GIP will contribute $1.8bn in capital.
In return, TotalEnergies will pay GIP a tariff based on throughput for a period of up to 15 years.
The company has not disclosed the specific assets involved in the agreement.
TotalEnergies chief financial officer Jean-Pierre Sbraire said the agreement would deepen the company’s relationship with GIP while helping to unlock the value of selected African midstream infrastructure assets.
Earlier this month, TotalEnergies announced the Acacia-5 oil discovery in Block 17 offshore Angola. The French energy company plans to accelerate development and bring the field on stream just three months after the June 2026 discovery.
The project is expected to add approximately 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 Equinor (22.16%), ExxonMobil (19%), Azule Energy (15.84%) and Sonangol E&P (5%).
Acacia-5 is TotalEnergies’ second exploration success in Angola in 2026, following a recent discovery in Block 0 of the Lower Congo Basin.
The company has also signed agreements with Angola’s petroleum regulator, Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG), to acquire an operated 40% interest in two new Lower Congo Basin exploration blocks, numbered 17/25 and 32/21.
Additionally, TotalEnergies, ANPG and ExxonMobil signed heads of agreement in February 2026 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.
Commercial terms of the agreement were not disclosed.
