Angola oil and gas map, cropped

Angola: Afentra buys Azule stakes in offshore blocks


Issue 488 - 21 Jul 2023 - By James Gavin | 1 minute read

Afentra has announced a deal with the BP/Eni Azule Energy joint venture that will increase the London AIX-listed independent’s shallow-water interests in Angola, as it acquires a further 12% of Block 3/05 and up to 16% of Block 3/05A for $48.5m and further payments of up to $36m subject to oil price, production and development conditions.

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