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Angola

Corcel Progress On Angola Drilling Operations

Corcel has provided an update on the drilling results of the Tobias-14 (“TO-14”) well in the onshore Block KON-11, in Angola where it has a 20% working interest (18% net). The Operator is Sonangol, one of the largest national hydrocarbon producers in Angola. Tobias-14 Initial Results The TO-14 well penetrated the entire Binga reservoir section […]

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Azule Energy Wins More Oil Block, Signs Risk Service Comtracts in Angola

The National Agency for Oil, Gas and Biofuels and Azule Energy has signed the Risk Service Contracts (RSCs) for offshore Blocks 46 and 47 in partnership with Equinor and Sonangol Pesquisa e Produção, S.A. (Sonangol P&P), and for Block 18/15 in partnership with Sonangol P&P.  The RSCs, resulting from direct negotiations, represent another positive development […]

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Angola Gives Afentra Approval Of Sonangol Acquisition

Afentra has received approval from the Government of Angola for the acquisition from Sonangol Pesquisa e Producao S.A. (‘Sonangol’) of a 14% non-operating interest in Block 3/05 and a 40% non-operating interest in Block 23, offshore Angola (the ‘Sonangol Acquisition’) pursuant to a sale and purchase agreement between Sonangol and Afentra’s wholly-owned subsidiary, Afentra (Angola) […]

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Corcel Progresses On Tobias-13 Well In Angola

Corcel  has witness successful progress on the drilling results of the Tobias-13 (“TO-13”) well in onshore Block KON-11, in Angola, where the Company has a 20% working interest (18% net). The operator is Sonangol, the largest hydrocarbon producer in Angola. Antoine Karam, Executive Chairman of Corcel, commented: “The initial results of the TO-13 well are an […]

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Angola 2023 License Bid Round Countdown: Tender To Open In A Week Time

The National Agency of Petroleum, Gas and Biofuels (ANPG) have disclosed the agency preparedness in launching the country next onshore licensing bid round  this month end. The agency in its capacity as National Concessionaire and holder of mining rights for prospecting, research, evaluation, development and production of liquid and gaseous hydrocarbons throughout Angola, has recently […]

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Afentra Gives Update On Assets Acquisition In Angola

Afentra plc an upstream oil and gas company listed on AIM and focused on acquiring production and development assets in Africa, has stated that, further to the announcement made on 19 July 2023 regarding the proposed acquisition of interests in Block 3/05 and Block 3/05A from Azule Energy Angola Production B.V.  and the amendment to […]

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Oceaneering Wins Offshore Contract Projects In Block 17 Angola, Guyana

Oceaneering International has disclosed that its Offshore Projects Group (OPG) segment has been awarded two international contracts, with combined total value in excess of $100 million. Oceaneering has been named a consortium partner to support transportation and installation work on the Girassol Life Extension project. The scope of work includes air and saturation diving services, […]

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Angola Partners Azule, Equinor In The Lower Congo Basin Development

The National Agency of Petroleum, Gas and Biofuels (ANPG) and Azule Energy, in partnership with Equinor, today signed a Production Sharing Agreement (PSA) for Block 31/21. The agreement, which results from the 2021/2022 Limited Offshore Licensing Round, is a significant stride towards advancing exploration in the Lower Congo Basin.  The block, which will be operated […]

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Azule Energy Awards Aker Solutions A Major Subsea Contract In Angola

Azule Energy has awarded Aker Solutions a fresh major contract to provide subsea umbilicals for the Ndungu project in Angola. The contract which includes delivery of eight infield umbilicals including spares totalling over 25 kilometers in length according to Aker Solutions is quite a sizeable contract and will cost between NOK 0.5 billion and NOK 1.5 […]

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CORCEL Seals Maiden Oil Acquisition Deal In Angola

Corcel, the extractive industries exploration and development company, with interests across battery metals and oil and gas, has announced that it has signed its first oil and gas acquisition with the purchase of a 90% interest in Atlas Petroleum Exploration Worldwide Limited (“APEX”), that has working interests in several historically producing oil assets in the […]

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