Sonangol to explore five onshore blocks

Sonangol to explore five onshore blocks

Sonangol EP, Angola’s state-owned oil company, will explore five onshore blocks and tender them for development if successful, according to a decree by President Jose Eduardo dos Santos.

The company will retain an unspecified share in the blocks, four of which are in the Kwanza basin near Luanda, the capital, and one in the Lower Congo basin in the country’s north, according to an Oct. 17 decree seen by Bloomberg at the National Press Administration, the government gazette that records all laws.

Sonangol_secures_oil_exploration_rights

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