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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Pin Angola, Namibia

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