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Angola oil

Sonangol auctions two offshore blocks

LUANDA, April 20, 2018 – Sonangol is inviting bids for its shares in two offshore oil blocks, the Angolan NOC announced Thursday.

 

Sonangol’s participatory interests, 30% in Block 20/11, which holds an estimated 313 million barrels of condensate and 79.3 bcm (2.8 tcf) of gas, and 45% in deepwater exploration Block 21/09, will be offered to national and international oil companies.

The NOC will hold data showrooms about the blocks April 24-June 29 in Luanda and May 28-June 1 in Houston. Bids will be accepted through July 31, 2018.

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