Angola to Hold Tender for 12 Offshore Oil Blocks in 2015

Source: Reuters 6/20/2014, Location: Africa

Angolan state oil company Sonangol plans to launch a tender for licences to explore 12 new offshore oil blocks in 2015, state news agency Angop cited Oil Minister Jose Botelho de Vasconcelos as saying.

Seven of the new blocks will be located in the Namibe Basin and the remaining five in the Lower Congo Basin, a Sonangol spokesman told Reuters.

Angola is Africa's biggest oil producer after Nigeria, with international majors such as France's Total, Italy's ENI, Britain's BP, and U.S. firms Chevron and Exxon Mobil among the main operators in the country.

Angop cited Vasconcelos, who was speaking at an oil conference in Moscow, as reiterating Angola's goal of ramping up production to 2 million barrels per day (mbpd) by 2015, from an average of 1.73 mbpd last year.

Angola depends on oil production for around 45 percent of its economic output and wants to increase crude production and offset declines at older fields with new projects.

Total in April decided to go ahead with the Kaombo project in offshore block 32, with investment estimated at $16 billion, production capacity of 230,000 barrels per day and output set to start in 2017.

Angola extracts nearly all its crude from offshore fields, but is also seeking to develop its onshore potential and is in the process of licensing 10 new onshore blocks.


Colombia >>  10/11/2024 - Reference is made to the announcements published by Interoil Exploration and Production ASA (the "Company") on 26 August 2024 regarding the terminati...
Poland >>  10/4/2024 - Prospex Energy PLC, the AIM quoted investment company focused on European gas and power projects, is pleased to announce that it has qualified to appl...

Colombia >>  10/3/2024 - Petrobras, following up on the announcements to the market issued on July 29, 2022 and August 5, 2024 on the extension of the gas discoveries in the U...
Norway >>  10/3/2024 - Aker BP has proven gas in appraisal well 6507/2-7 S in the Norwegian Sea, 230 kilometres west of Sandnessjøen.

The well, situated around 12...


Japan >>  10/1/2024 - Japan Petroleum Exploration Co., Ltd. (JAPEX) announces that it will conduct exploratory drilling to confirm the presence of natural gas (hereinafter ...
Malaysia >>  10/1/2024 - TGS, a global leader in energy data and intelligence, notes the announcement made by PETRONAS on a significant oil and gas discovery in offshore Penin...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 


Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.