Eni, Total among winners of rights to develop Angolan ‘frontier’ blocks

Eni, Total among winners of rights to develop Angolan ‘frontier’ blocks

Italian oil major Eni and France’s Total were among the successful bidders for rights to develop three offshore blocks in Angola out of 10 auctioned late last year, the country’s petroleum regulator said on Thursday.

Eni and Total won operator rights to blocks 28 and 29 respectively in the offshore Namibe basin, while Angola’s state oil company Sonangol and majors Equinor and BP won smaller stakes, regulator ANPG said in a statement.

All of the blocks are “frontier”, meaning they do not currently produce oil or gas.

The bid round for the fields in the Namibe and Benguela basins closed in November 2019.

Source: Reuters

Published: 17-01-2020