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Offshore exploration and production licence in Angola awarded to Eni

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Oilfield Technology,

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.

Read the article online at: https://www.oilfieldtechnology.com/exploration/20012020/offshore-exploration-and-production-licence-in-angola-awarded-to-eni/

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