Angola: Somoil builds up its portfolio with Galp acquisition


Issue 478 - 17 Feb 2023 - By James Gavin | 2 minute read

The local Sociedade Petrolífera Angolana (Somoil)’s deal to pay $830m for Lisbon-based Galp’s entire Angolan upstream assets marks another legacy hydrocarbons position being relinquished to a willing local buyer by a western energy company that says it is looking to “high-grade” its upstream portfolio.

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Pin Resources, Strategy & risk

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