Finance Minister Archer Mangueira, who submitted the request to Parliament, said this authorisation would affect taxes, fees and exemptions, taking into account the urgency of revenue collection. Minister Mangueira added that the block was quite complex and therefore had high R&D costs.
Block 48 is located in ultra-deepwater in the Lower Congo Basin and covers an area of approximately 3,565 square kilometres. If exploration is successful, production could begin in seven years. Total will work in a 50-50 JV with <a href=’https://staging.theenergyyear.com/companies-institutions/sonangol/’>Sonangol P&P.
Japanese power generation player JERA on Thursday announced plans to invest USD 32 billion in LNG, renewables and new fuels… Read More
Chevron is planning to exit its North Sea operations after 55 years of activity in the oil hotspot, Reuters reported… Read More
Seatrium has been awarded a contract by SBM Offshore for the topsides fabrication and integration of an additional FPSO vessel… Read More
Diamond Offshore has secured a USD 350-million extension for an ultra-deepwater drillship deployed for Anadarko Petroleum in the US Gulf… Read More
ExxonMobil has made a discovery in the Angolan deepwater, the country's energy regulator announced on Monday Read More
TechnipFMC has been awarded an EPCI contract worth up to USD 250 million by Woodside Energy to fabricate and install… Read More
This website uses cookies.