Luanda – Sonangol expects to receive over US$400,000 from the sale of its stakes in eight oil blocks in production and exploration, the chairperson of the board of directors, Gaspar Martins said Monday.
Without giving further details, Mr. Martins, who was speaking to reporters, said that the process was still being assessed.
Sonangol’s stakes were sold to Somoil, Sirus, Afentra and Namcor, Sequa and Petrolog, as part of the public tender for partial sale.
The stakes in blocks 3/05, 4/05, 5/06, 15/06, 18, 23, 27 and 31 were partially sold as part of the national oil company’s strategy for repositioning and sustainability of its investment portfolio, a process carried out from 20 September 2021 to 27 January this year.
Sonangol assessed the proposals submitted by a total of 10 companies and selected Afentra for Block 3/05, holding 20%, Namcor, Sequa and Petrolog, for Block 15/06 (10%) and Somoil and Sirus got the stakes for Block 18 (8.5%), all blocks in production.
In Block 31, also in production, Somoil and Sirus again joined forces to buy Sonangol’s 10% participating interest.
For the blocks in exploration, Namcor, Sequa and Petrolog also formed a joint venture as operator for Block 23, with 40%, and another 40% went to Afentra.
In the same joint venture model, the interested parties for Block 27 are Namcor, Sequa and Petrolog, buying 35%, while the other 25% were acquired by Somoil and Sirius.
Source: Angola Press News Agency