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Subscriber

Sonangol has launched an international tender for the sale of its stakes in nine oil service joint ventures as part of a planned restructuring to focus the company on its core activities. Angop reported that the parastatal is selling 30% in Petromar, 51% each in Sonatide Marine Limited and Sonatide Marine Angola Limitada, 40% each in Sonamet Industrial SA and Sonarcergy – Serviços e Construções Petróleo Lda, 10% in Paenal-Porto Amboim Estaleiros Navais, 33% of SBM Shipyard, and 30% of Sonadiets Limitada and of Sonadiets Services SA.

Angola
Subscriber

PGS has completed acquisition of its MC3D Kwanza Shelf survey in preparation for a planned 2021 licensing round. PGS said the survey complemented its 2019 data acquisition; total GeoStreamer coverage in blocks 6, 7 and 8 and the surrounding areas of the Kwanza Shelf is now 8,300km2. The 2021 round is expected to offer shallow water Kwanza Basin blocks 7, 8 and 9, as well as Lower Congo Basin blocks 16 and 31-34. Kwanza Basin Block 6, offshore Luanda, is under negotiation, according to the National Agency for Petroleum, Gas and Biofuels.

Angola
Subscriber

The National Oil, Gas and Biofuels Agency (ANPG) has announced the postponement of an information session for Angolan oil companies on the 2020 licensing round that was scheduled to take place on 25 March. The postponement is in line with government measures to control the spread of Covid-19, which discourage public gatherings of more than 200 people.

Angola
Subscriber

Eni has raised its reserves estimate for the Agogo field on Block 15/06 to 1bn barrels of oil in place following the drilling of the Agogo-3 appraisal well. Earlier estimates had put reserves at around 650m barrels. Eni said further upside remained to be tested in the northern sector of the field.Agogo-3 was drilled by the Libongos drillship 1.5km north-west of the Agogo-2 appraisal well and 4.5km north-west of the Agogo-1 discovery well. The field, which started up in January, producing to the N’Goma FPSO on the block’s West Hub production centre, is about 180km from the coast.

Angola
Issue 410 - 27 February 2020

Angola: Off-grid solar plans

Subscriber

Minister of energy and water resources João Baptista Borges has announced that 300MW of new off-grid solar PV capacity will be installed by year-end. He told a business forum during the African Union Summit in Addis Ababa on 11 February that systems would be installed in Benguela, in Luena (Moxico Province), in Saurimo (Lunda Sul), Dundo (Lunda Norte) and Bailundo (Huambo Province) with a total investment of $500m.

Angola
Subscriber

The National Agency of Petroleum, Gas and Biofuels (ANPG) has announced three block awards in the deep-water Namibe Basin from its 2019 bid round. ANPG said Sonangol was awarded 35% in Block 27, with the other 65% remaining open for negotiation by other interested companies. Eni was awarded operatorship of Block 28 with a 60% interest, alongside Sonangol with 20%, leaving 20% open for negotiations. Block 29 was awarded to Total as operator with 46%, alongside Equinor (24.5%), Sonangol (20%) and BP (9.5%).

Angola
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

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
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
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’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
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

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 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
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