Angola: ExxonMobil signs up Namibe Basin blocks

Issue 425 - 22 Oct 2020 | 1 minute read

ExxonMobil has signed risk service contracts with the National Oil, Gas and Biofuels Agency (ANPG) for three blocks in the unexplored Namibe Basin offshore southern Angola. ExxonMobil will operate blocks 30, 44 and 45 with a 60% stake. Sonangol Pesquisa e Produção will hold the other 40%. The blocks cover an area totalling 17,800km2, located 50km-100km from the Angolan coast, in a water depth of between 1,500 metres and more than 3,000 metres.

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