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SOCO Increases Interest in Cabinda North Block

Source: www.gulfoilandgas.com 11/28/2017, Location: Africa

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Following on from Eni's announcement on 27 November 2017 of their appointment as Operator of the Cabinda North Block, SOCO is pleased to announce that its 80% owned subsidiary, SOCO Cabinda Limited, has agreed to increase its non-operating working interest in the Cabinda North Block Production Sharing Agreement from 17% to 22%.

The Cabinda North Block is located onshore the Angolan enclave of Cabinda. SOCO's increased interest and the change of operatorship follows a reassignment of interests amongst the block partners.

Final details and timing of the formal governmental Executive Decree to enact the change of operator and the reassignment of interests are expected shortly.

For more information about related Opportunities and Key Players visit West Africa Projects

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

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