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Friday, October 9, 2020
Sonangol P&P and ExxonMobil signed three Risk Service Agreements with Angola’s ANPG (the National Oil, Gas and Biofuels Agency) today that cover an offshore exploration area of over 17,800 square kilometers. These agreements will make it possible to identify the potential of hydrocarbon resources existing in the Namibe Basin. The Namibe Basin is 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 Directors, Paulino Jerónimo , welcomed the signing of these contracts and underlined the advantages inherent to ExxonMobil’s presence in the Namibe Basin, which will allow the parties to deepen the geological knowledge of the basin as well as to explore the hydrocarbon potential there.
Jerónimo stated that “the success of the work carried out in Angola by international operators, many of whom already have a consolidated presence in the country, is an extremely important factor for the development and credibility of the Angolan oil sector.”
“We will work with the Angolan government and ANPG to identify the border areas with the best resource potential, applying our proven experience and our cutting-edge technology,” said Andre Kostelnik, ExxonMobil General Manager in Angola , adding that “these new concessions follow the long history of success of our exploration and production activities in Angola. ”
ExxonMobil is the operator of Blocks 30, 44 and 45, with an interest of 60%, while Sonangol Pesquisa e Produção, SA (Sonangol P&P) will carry a participating interest of 40%.
Sebastião Gaspar Martins, Chairman of the Board of Directors of Sonangol, in turn, considers “the extension of prospecting and exploration activities to an area 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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