ANPG, ExxonMobil and Sonangol sign three exploration contracts

ANGP ANgola pressThe National Oil, Gas and Biofuels Agency (ANPG) has signed three risk service agreements with ExxonMobil and Sonangol P&P to increase the exploration area in the offshore area Angola, over 17,800 sq km

These agreements will make it possible to identify the potential of hydrocarbon resources existing in the Namibe basin. It is recalled that until now the Namibe Basin was an unexplored maritime zone in Angola. Deep water blocks 30, 44 and 45 are located between 50 and 100 kilometers from the Angolan coast, in a water depth that varies between 1,500 and more than 3,000 meters in depth.

ANPG 's chairman of the board of sirectors, Paulino Jerónimo , has underlined the advantages inherent to ExxonMobil's presence in the Namibe Basin, which will allow to deepen the geological knowledge, as well as to explore the hydrocarbon potential there on the same occasion. 

ExxonMobil is the operator of Blocks 30, 44 and 45, with an associative participation of 60%, with Sonangol Pesquisa e Produção, SA (Sonangol P&P) having an associative participation of 40%.

Sebastião Gaspar Martins, chairman of the Board of Directors of Sonangol, stated, “The extension of prospecting and exploration activities to an area that has hitherto unexplored in Angola to be extremely important, but that everything indicates has the potential to increase hydrocarbon production. in Angola. Being able to participate in this challenging project, we are excited and launch challenges that we will surely be up to."

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