Tue, 28 Jan 2020 19:04 - Updated Tue, 28 Jan 2020 19:03
ANPG, ExxonMobil agree extension of block 15 license
Luanda - The National Oil, Gas and Biofuels Agency (ANPG) signed last Monday a contract with ExxonMobil, Operator of Block 15 in Angola, which establishes the amendment to the current Production Sharing Contract for Block 15.
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Photo: Gaspar dos Santos
As part of the agreement, the respective production license will be extended until 2032 and Sonangol is integrated into the Contractor Group of that Block, obtaining a 10% stake.
From now on, ExxonMobil's participative interest will be 36%, 24% from BP Exploration, 18% from ENI Angola Exploration and 12% from Equinor Angola.
The project foresees a production of approximately 40.000 barrels of oil / day and will generate about 1000 local jobs during the implementation phase. This agreement is the culmination of the commitment signed in 2019.
The signing follows the Commitment Agreement signed on June 5, 2019, allowing ExxonMobil to carry out a multi-year drilling program in the block and install new technology in order to increase the capacity of the existing subsea flow lines.
"By means of this agreement, ExxonMobil and its partners will contribute to the increase in the investments needed to increase production in the short term and generate more jobs at the local level", said the ANPG's CEO, Paulino Jerónimo.
"This collaboration with ANPG will allow Block 15 to optimize recovery and add oil production from mature fields", said the director general of ExxonMobil in Angola, Andre Kostelnik.
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Luanda - The National Oil and Gas Agency (ANPG), concessionaire for oil and gas rights in Angola, attributed Block 28 to Eni (as operator, with 60%), as a result of the competitive international bidding round that took place in 2019.
- 17/01/2020 12:17:26
Luanda - The state run-oil firm Sonangol and the Gemcorp Capital LLP signed last Thursday in Luanda a partnership agreement providing for the construction of Cabinda refinery.
- 17/01/2020 11:59:05
Luanda - The Agogo field, located at Angolan offshore, more precisely in Block 15/06, started last Thursday the commercial exploitation of the block’s crude oil, with an initial production of 10,000 barrels per day, nine months after its discovery, announced the Oil, Gas and Biofuels National Agency (ANPG).