Angola and Shell Set to Sign Exclusive Oil Exploration Deal

Published

© currahee_shutter / Adobe Stock
© currahee_shutter / Adobe Stock

Angola's national oil and gas agency, ANPG, will sign an exclusive negotiation agreement with oil major Shell to explore and develop Blocks 19, 34, 35 as well as ultra-deep water blocks, it said in a statement late on Thursday.

The signing ceremony will take place on November 3.

"This event marks a historic moment for the Angolan oil sector, consolidating Shell's presence in Angola," Angola's National Oil, Gas and Biofuels Agency said.

Angola is Sub-Saharan Africa's second-largest crude oil producer after Nigeria. It has undertaken major regulatory reforms to attract new investment into its energy sector, aimed at keeping production above 1 million barrels per day.


(Reuters - Reporting by Wendell Roelf; Editing by Jacqueline Wong)

Current News

Windcat Amsterdam Debuts as First Elevation CSOV in Europe

Windcat Amsterdam Debuts as Fi

Baker Hughes to Supply Tech for Offshore LNG Project in Texas

Baker Hughes to Supply Tech fo

Constellation Reports Strong 2025 Results, Targets Further Growth in Brazil

Constellation Reports Strong 2

GeoForce Hooks Geotechnical Survey for Shetland Subsea Link

GeoForce Hooks Geotechnical Su

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine