ANGOP - Angola Press News AgencyANGOP - Angola Press News Agency

Go to homepage
Luanda

Max:

Min:

Home » News » Economy

Fri, 17 Jan 2020 18:26 - Updated Fri, 17 Jan 2020 18:26

Eni takes block 28 of Namibe basin

Luanda - The National Oil and Gas Agency (ANPG), concessionaire for oil and gas rights in Angola, attributed Block 28 to Eni (as operator, with 60%), as a result of the competitive international bidding round that took place in 2019.

Send by email

To share this news by email, fill out the information below and click Send

Correct

To report errors in the texts of articles published, fill out the information below and click Send

This result will allow the Italian multinational Eni to further consolidate its long-term presence in Angola.

Eni, with a 60% stake, will be the License Operator, located in deep waters in the unexplored Namibe Basin.

The contractor group will include Sonangol P&P (20% stake), while the remaining 20% ​​will be attributed to a third partner during the closing of the contract.

The allocation of Block 28 arises as a result of the 1st International Round of Competitive Bids, in which blocks located in the Namibe-Benguela Basin were presented by ANPG as part of the offer of gas and oil licenses for onshore and offshore, planned for the period 2019-2025.

Block 28 is located in a border exploration area, some tens of kilometers from the coast, at water depths that vary between 1,000 and 2,500 meters.

Eni has been present in Angola since 1980 and currently has a production quota of around 145.000 barrels of oil per day.

Tags Petróleos  

Read also
  • 17/01/2020 12:17:26

    Sonangol, Gemcorp sign partnersip deal for Cabinda refinery

    Luanda - The state run-oil firm Sonangol and the Gemcorp Capital LLP signed last Thursday in Luanda a partnership agreement providing for the construction of Cabinda refinery.

  • 17/01/2020 11:59:05

    Agogo field starts oil production

    Luanda - The Agogo field, located at Angolan offshore, more precisely in Block 15/06, started last Thursday the commercial exploitation of the block’s crude oil, with an initial production of 10,000 barrels per day, nine months after its discovery, announced the Oil, Gas and Biofuels National Agency (ANPG).

  • 10/01/2020 17:44:46

    Sonangol denies allegations on employees layoffs

    Luanda - Sonangol has denied allegations it is making the employees redundant as part of the restructuring process underway in the state-owned oil company since 2018.