Russians pull back from Block 1711
Issue 221
- 02 Dec 2011
| 2 minute read
Sintez Group affiliate Nakor Investments, the main equity holder in Block 1711 in the Namibe Basin bordering Angola, has relinquished most of its 70% stake. Interim operator Energulf Resources said the Russian company would retain a 10% carried interest. Energulf, which holds a 10% working interest, will receive an additional
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