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Eni, Total among Winners of Rights to Develop Angolan Blocks

Source: www.gulfoilandgas.com 1/16/2020, Location: Africa

Eni and Total were among the successful bidders for rights to develop three offshore blocks in Angola out of 10 auctioned late last year. Eni and Total won operator rights to blocks 28 and 29 respectively in the offshore Namibe basin, while Angola’s state oil company Sonangol and majors Equinor and BP won smaller stakes.

Sonangol won a 35% interest in block 27, but the remaining 65% interest is still on offer. Sonangol also won a 20% interest in block 28. Eni, the operator, won a 60% stake, with the remaining 20% remaining up for grabs.

Block 29 was fully awarded, with operator Total taking a 46% stake, Equinor winning 24.5%, Sonangol taking 20% and BP winning a 9.5% concession share.

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

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