Sonangol, Eni expand Angola oil block
Angola The agreement will facilitate the Italian company’s accelerated exploration programme, Macau Hub reported.
“This is in line with Eni strategy to increase exploration activities in the country, chasing opportunities nearby the existing producing hubs,” Eni said in a statement. “In the event of success, this strategy will enable a fast-track development of these new resources, leveraging on synergies with existing infrastructure and significantly reducing their time-to-market.”
Block 15/06, site of the East Hub and West Hub projects, is operated by Eni with a 36.84% stake, and the remaining shares are controlled by Sonangol (36.84%) and SSI (26.32%).
Recent Posts
ExxonMobil “optimistic and pushing forward” with Mozambique’s Rovuma LNG
ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More
SLB OneSubsea, Subsea7 sign long-term deal with Equinor
SLB OneSubsea and Subsea7 have signed a long-term strategic collaboration agreement with Equinor and begun work on two of its… Read More
Presight AI takes 49% stake in ADNOC energy AI player
Presight has acquired a 51% shareholding in AIQ, an energy-focused AI player founded by ADNOC and G42, the companies announced… Read More
Wood wins TotalEnergies North Sea flare recovery work
UK engineering contractor Wood has been awarded a decarbonisation project by TotalEnergies to support flare gas recovery in the North… Read More
Shelf Drilling wins $54-million North Sea contract
Oslo-listed Shelf Drilling has secured a contract for the Shelf Drilling Fortress jack-up rig with an undisclosed North Sea operator… Read More