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TotalEnergies discovered more oil in Angola and plans to start production quickly.

ResultsRead the original at benzinga.com
Good for TTE

TotalEnergies discovered oil at Acacia-5 and expects production to start within 3 months, adding about 6,000 barrels per day to Block 17.

TTE · TotalEnergies SE

AI read · Good for TTE

The AI's read

TotalEnergies found oil at Acacia-5 in Angola and expects first oil within three months. The find plus new operated stakes near existing facilities should raise its produced output.

XOM · Exxon Mobil Corp.

AI read · Neutral

The connection

Exxon is mentioned as a partner in a separate agreement, but the story gives no new Exxon discovery or stake change to change its outlook.

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