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.