Angola: Iranians farm into Cabinda North

Issue 163 - 23 May 2009 | 1 minute read

Norway’s InterOil Exploration & Production has signed an agreement with Iran’s Petropars to sell 10% in the CabindaNorth licence for $7m. The 2,400km2 block is operated by Sonangol P&P and InterOil farmed-in in January 2008, taking21%. The block has existing oil discoveries in the Zila ridge area near the coast and in the Dinge high area. Sonangol has 20%;other partners on the block are SOCO International with 17%, Teikoku Oil Company (17%), Angola Consulting Resources(Acrep) (15%) and Eni Angola (10%).

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