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Offshore exploration and production licence in Angola awarded to Eni

Offshore exploration and production licence in Angola awarded to Eni

 

ANPG, state concessionaire for oil and gas rights in Angola, has assigned Block 28 to Eni (as operator with 60%), as a result of the international Competitive Bid Round 2019.

The licence is located in deep water in the unexplored Namibe Basin. The joint venture (JV) will include Sonangol P&P (20% of share), while the remaining 20% will be assigned to a third partner during the closing of the contract.

The award comes as a result of the 1st International Competitive Bid Round, where open blocks were offered by ANPG in the Namibe-Benguela Basin as a part of the oil gas licences put on offer for onshore and offshore, in the period 2019 – 2025.

Block 28 is located in a frontier exploration area some tens of km from the coastline, with water depth ranging between 1000 and 2500 m.

Source: Oilfield Technology

Published: 20-01-2020
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