Angola: Onshore blocks go to local companies
Issue 314
- 17 Dec 2015
| 2 minute read
Sonangol has awarded eight onshore blocks in a licensing round launched last year, with all the licences going to local companies. None of the international companies that prequalified for the round have been successful, with the licensing process apparently aimed at boosting the number of indigenous companies. Some of the successful bidders are expected to seek technical co-operation agreements with experienced companies, as in Nigeria, although several licences have Sonangol P&P as a partner.
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