The FID has been made in close collaboration with the concessionaire Agencia Nacional de Petroleo e Gas (ANPG).
Estimated to cost $6bn, the project aims to develop the Cameia and Golfinho fields, situated 100km off the Angolan coast, according to Bloomberg News.
The Kaminho project will involve the conversion of a very large crude carrier into a floating production storage and offloading (FPSO) unit.
Designed to minimise greenhouse gas emissions by being all-electric and eliminating routine flaring, the FPSO unit will be connected to a subsea production network.
Scheduled to commence production in 2028, the Kaminho project is expected to reach a production plateau of 70,000 barrels of oil per day.
