Angola announces Namibe Basin awards
Partial success of 2019 licensing round sees Sonangol, Total, Equinor and BP take interests in blocks, leaving several other blocks open to offers
The National Agency of Petroleum, Gas and Biofuels of Angola (ANPG) has awarded three deepwater concessions to bidders in its 2019 Namibe Basin licensing rounds. ANPG, which appointed information provider IHS Markit to facilitate the round, awarded 25pc of block 27 to national oil company Sonangol, leaving the remaining share available. Block 28 will be shared between Italy’s Eni (60pc) and Sonangol (20pc), leaving an outstanding 20pc stake available. Block 29 has been awarded to Total as operator with a 46.5pc stake, Norway’s Equinor 24.5pc, Sonangol 20pc and BP with 9.5pc. All three blocks are considered frontier and nothing is currently being produced within them. The contracts for the
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