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Issue 408 - 30 January 2020

Angola: Agogo start-up

Subscriber

Italy’s Eni has announced the start-up of the Agogo field on Block 15/06, just nine months after its discovery. Initial production is around 10,000 b/d and is set to reach 20,000 b/d in the coming weeks, Eni said. Production from the field is being processed by the Ngoma FPSO on the block’s West Hub production centre, 15km from the field. According to preliminary estimates, the field holds over 650m barrels of oil in place.

Angola
Subscriber

Angola has moved in recent weeks to take concrete legal action against the children of former president José Eduardo dos Santos over longstanding corruption allegations. José Filomeno dos Santos went on trial in December, accused of taking $500m out of the country in 2017 during his time as head of the country’s sovereign wealth fund, while at the end of December, a Luanda court ordered the freezing of Isabel dos Santos’ Angolan bank accounts and shares in state companies, as well as the assets of her Congolese art collector husband, Sindika Dokolo.

Angola
Subscriber

Total has awarded contracts to Maersk Drilling to use the 7th generation drillship Maersk Voyager for wells offshore Namibia and on Angola blocks 32 and 48. Maersk announced on 13 January that the campaign was expected to commence this month, with an estimated duration of 240 days. The total value of the firm contracts is approximately $46.3m, including a mobilisation fee. The contracts include two additional one-well options.

Angola | Namibia
Issue 406 - 19 December 2019

Angola: Total takes on Cobalt blocks

Subscriber

Total has signed a sale and purchase agreement with Sonangol worth at least $500m to acquire interests in Kwanza Basin blocks 20/11 and 21/09. The blocks were previously operated by Cobalt Energy International, which drilled the Cameia, Mavinga, Bicuar and Golfinho discoveries.Subject to approvals, Total will acquire a 50% working interest, alongside Sonangol (20%) and BP (30%), in Block 20/11, in water depths ranging from 300 to 1,700 metres, and an 80% working interest alongside Sonangol (20%) in Block 21/09, in water depths ranging from 1,600 to 1,800 metres.

Angola
Issue 404 - 21 November 2019

Angola: Eni signs solar plant concession

Subscriber

Eni and the government of Angola signed a concession agreement in Rome on 13 November for a 50MWp PV plant in Namibe province, where Eni supports rural development projects. The plant will be built by Solenova, a renewable energy joint venture between Eni and Sonangol, and will be connected to the transmission grid in the south of the country. The implementation of the 25MWp first phase will allow a reduction in diesel consumption estimated at around 13,500m3/yr, reducing electricity production costs and cutting greenhouse gas emissions by around 20,000 t/yr of CO2 equivalent, Eni said.

Angola
Issue 404 - 21 November 2019

Angola’s refinery plans face challenges

Subscriber

Angola’s Ministry of Mineral Resources and Petroleum has laid out plans to increase oil refining capacity to 435,000 b/d by 2025 from just 75,000 b/d at present. State-owned Sonangol, whose entire board was unceremoniously sacked by President João Lourenço in May over its response to crippling fuel shortages, has been tasked with building three new refineries with private partners. These are a 60,000 b/d refinery in Cabinda and a 100,000 b/d refinery at Soyo, both in the far north, and the long-delayed two-phase 200,000 b/d Lobito refinery project in southern Benguela province.

Angola
Subscriber

Angola-registered Aenergy, owned by Portuguese businessman Ricardo Leitão Machado, is appealing against what it describes as the “unilateral and unjustified termination” of 13 contracts. In a strongly worded statement published on 8 November, the company said it had requested on 23 September that the attorney general investigate the decision and filed an administrative appeal on 7 October.

Angola
Issue 404 - 21 November 2019

Angola: Eni takes two new blocks

Subscriber

Eni has signed contracts with the Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG) for offshore Block 1/14 and the onshore Cabinda Centre Block. Eni will operate 1/14 with a 35% stake, in consortium with Equinor (30%), Sonangol P&P (25%) and Acrep (10%). The Italian major will also operate Cabinda Centre with 42.5%, alongside ExxonMobil with 32.5% and Sonangol P&P with 25%.

Angola
Subscriber

Changes of president in Luanda and Kinshasa have not so far delivered any progress in the long-running maritime border dispute between the two countries, but Congolese experts say they are hopeful of movement in the coming months to agree a common border and obtain United Nations approval for it.President Felix Tshisekedi has said he hopes to exploit deep-water oil resources to finance his development plans and fund his free education pledge.

DR Congo | Angola
Issue 401 - 11 October 2019

Angola: ANPG sets out bid round terms

Subscriber

The new Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG) on 2 October published bidding parameters for the ten blocks in the 2019 bid round. The terms, published on the ANPG website, include a carried 20% stake for state oil company Sonangol in each block. Biddable terms for each block include the signature bonus, social projects contribution, number of wells and amount of seismic data to be collected.

Angola
Subscriber

More than 20 years ago, African Energy was reporting on hopes for exploration outside the Lower Congo Basin. Issue 1, in April 1998, reported plans for a licensing round to offer blocks 26-30, backed by 2D seismic from Western Geophysical, but the focus at the time was on the big signature bonuses expected for blocks 31-33, badly needed by the government and Sonangol as civil war continued onshore.

Angola
Subscriber

Angola has announced details of a forthcoming licensing round offering blocks in the Namibe and Benguela basins. The round is the first outing for the new Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG), created from splitting Sonangol’s roles as concessionaire and equity holder, and a first test for whether last year’s reforms to the country’s oil and gas laws can attract new licensing interest. The blocks on offer are Block 10 in the southern Benguela Basin and blocks 11, 12, 13, 27, 28, 29, 41, 42 and 43 further south in the Namibe Basin.

Angola
Issue 399 - 13 September 2019

Angola: Aenergia contracts revoked

Subscriber

Angola’s Ministry of Energy and Water has notified Angolan company Aenergia SA of its intention to terminate contracts for the installation, technical assistance and maintenance of power plants in the country. A presidential order on 23 August gave the ministry permission to terminate the contracts, settle accounts with Aenergia, take possession of equipment and conclude agreements with GE to ensure contract implementation. The contracts, which were financed through a loan to the government by GE Capital Ltd, were approved by the ministry in July and August 2017.

Angola
Issue 398 - 30 August 2019

Angola: M&P takes Ajoco stakes

Subscriber

France’s Maurel & Prom has entered Angola with the acquisition of 20% of blocks 3/05 and 3/05A previously owned by Mitsubishi subsidiary Angola Japan Oil Company Ltd (Ajoco). The licences are two producing and development blocks in shallow water operated by Sonatrach. The Angolan government published an official decree recognising the transfer on 4 June and the acquisition was finalised at the end of July.

Angola
Issue 398 - 30 August 2019

Angola: Soyo refinery tender

Subscriber

The Ministry of Mineral Resources and Petroleum has announced that an international public tender will be launched this year for the construction of an oil refinery at Soyo in the northern Zaire province to be developed with private capital.An official notice dated 26 August said the ministry would announce tender details on its website shortly, including the bidding timetable and project specifications. Angola imports most of its fuel products, with the Luanda refinery meeting just 20% of demand.

Angola