Sonangol awards ten blocks for production, exploration

11th April 2022 By: Donna Slater - Features Deputy Editor and Chief Photographer

Angolan State-owned petroleum and natural gas producer Sonangol has performed an evaluation of submitted proposals for the partial sale of its participating interests in Blocks 3/05, 4/05, 5/06, 15/06, 18, 23, 27 and 31, following a public tender.

As such, Sonangol has selected and certified ten proposals during the due diligence process that started on September 20, 2021, and ended on January 27 this year.

Under the terms of the tender, the certified companies for blocks in production include Afentra (20% of operations) in Block 3/05, Namcor, Sequa and Petrolog (10% of operations) in Block 15/06, Somoil and Sirius (8.5% of operations) in Block 18 and Somoil and Sirius (10% of operations) in Block 31.

The blocks for exploration granted are Block 23 to Namcor, Sequa and Petrolog (jointly being 40% operators) and Afentra also operating 40%; and Block 27 with Namcor, Sequa and Petrolog being joint 35% operators, while Somoil and Sirius hold 25% of operations. 

The partial farm down of participating interests of these concessions is part of Sonangol’s repositioning strategy.