Exxon, Sonangol sign Namibe Basin MoU
Angola The companies intend to sign risk service agreements for blocks 30, 44 and 45, Sonangol added in a statement.
“2018 was marked by many promises and changes that are welcome,” the country manager of ExxonMobil’s local arm, Esso Exploration Angola, Andre Kostelnik, said.
Angola is pushing to promote oil exploration in the country. In October, Angolan Minister of Mineral Resources and Oil Diamantino Azevedo said the government is planning a new bid round in 2019.
Recent Posts
Diamond Offshore seals $350-million Gulf of Mexico deal
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 makes deepwater discovery off Angola
ExxonMobil has made a discovery in the Angolan deepwater, the country's energy regulator announced on Monday Read More
TechnipFMC wins Woodside EPCI contract in Australia
TechnipFMC has been awarded an EPCI contract worth up to USD 250 million by Woodside Energy to fabricate and install… Read More
Hungary’s Mol Nyrt launches $1.4-billion polyol plant
Hungarian refiner Mol Nyrt has inaugurated a USD 1 Read More
UAE’s Mubadala Energy makes major gas find off Indonesia
Mubadala Energy has made a major deepwater gas find off Indonesia with a potential of at least 56 Read More
KPC renews supply contract with China’s Unipec
Kuwait Petroleum Corporation (KPC) has renewed a contract to supply 300,000 bopd to Unipec, local media reported on Monday Read More