Afentra plc has announced that its wholly-owned subsidiary, Afentra (Angola) Ltd, has signed a Sale and Purchase Agreement (SPA) with Sonangol Pesquisa e Produção S.A  to purchase interests in Block 3/05 and Block 23, offshore Angola for a firm consideration of $80 million and contingent payments of up to $50 million (in aggregate) in the […]

Seadrill Limited is pleased to announce a new contract has been secured by Sonadrill Holding Ltd, Seadrill’s 50:50 joint venture with an affiliate of Sonangol E.P. Sonadrill has secured a ten-well contract with options for up to eight additional wells in Angola for the West Gemini drillship. Total contract value for the firm portion of […]

Luanda & London, 11 April 2022: Somoil S.A., the largest privately owned Angolan oil company, and Sirius, an Africa focused oil & gas production and development company, are pleased to announce that the joint Somoil-Sirus consortium, (‘the Somoil-Sirius Consortium’ or ‘the Consortium’), has been awarded the exclusive right to acquire participating interests of 8.28% and 10% respectively in the producing Angolan offshore blocks […]

Afentraplchas confirmed that SonangolE.P has announced that Afentra has been selected as preferred bidder to purchase interests in Block 3/05 and Block 23. This follows the announcements on 8 October 2021 and 3 February 2022 that the Company had submitted a non-binding expression of interest for the two blocks which resulted in the subsequent suspension […]

Eni has embarked on a major upgrade of the resource base in the Ndungu field, located approximately 130 km off the coast and about 10 km from the Ngoma FPSO in the West Hub of block 15/06. The Ndungu 2 appraisal well was drilled 5 km away from Ndungu 1 and stroke 40 m of […]

Bp and Eni confirmed  that they have signed an agreement to form a new 50/50 independent company, Azule Energy [a bp and Eni Company], through the combination of the two companies’ Angolan businesses. The agreement follows the memorandum of understanding between the companies agreed in May 2021. Azule Energy will be a new international energy […]

The 8th Edition Of The Africa Petroleum Congress And Exhibition Luanda, Angola Feb 23, 2022  –  The  African Petroleum Producers Organisation (APPO)  will hold the eighth edition of the Africa  Petroleum Congress and Exhibition (CAPE VIII) from 16-19 May 2022 in Luanda, Angola. The congress is organised by APPO, the government of the Republic of […]

Afentra confirms that negotiations with Sonangol E.P (‘Sonang to purchase interests in Block 3/05 and Block 23 in Angola have continued into the new year. This follows the announcement on 8 October 2021 that the Company had submitted a non-binding Expression of Interest for the two blocks and the subsequent suspension of its shares.  Since […]

TotalEnergies, operator of Block 17 in Angola, together with the Angolan National Oil, Gas and Biofuels Agency (ANPG) have announced the start of production of CLOV Phase 2, a project connected to the existing CLOV FPSO (Floating Production, Storage and Offloading unit). This tie-back project will reach a production of 40,000 barrels of oil equivalent […]

Eni-Sonangol JV aimed at developing renewable energy projects, has reached the Final Investment Decision (FID) and the signing of the Engineering, Procurement and Construction (EPC) contract for the first phase of the Caraculo photovoltaic project, located in the Namibe province in Angola. These milestones confirm the progress of the project, in line with the expected […]