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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.

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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  

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