Irish oil company resumes investment in Angola

Luanda Irish Oil company Tullow has expressed interest in getting back to Angola to invest in deep water and oil and gas block at the Namibe Basin, Angop learnt Thursday.

The interest was expressed by Director-General of Exploration for Africa, Robin Sutherland, during a visit to the headquarters of the National Oil, Gas and Biofuels Agency (ANPG).

With 32 years of existence, the company is active in eight African countries, namely Mauritania, CAte d’Ivoire, Equatorial Guinea, Gabon, Uganda, Kenya, Namibia and Ghana.

Tullow clearly demonstrates its willingness to resume its operation in the Angolan oil industry.

Initially focused on exploration area, Tullow also operates in the fields of development and production.

In Angola, Tullow started its activities in 2002/2007 when it received the first concession, associated with block 10 (15% ) and block 24 also 15%.

In 2005/2008, it was associated with block 1/06 (50 percent).

The three-member Irish delegation is led by Director General of Exploration for Africa, Robin Sutherland.

Source: Angola Press News Agency