$25,000,000
Angola Block 15/06
Sonangol P&P are looking to divest their 36.84% stake in the block.
Block 15/06 is operated by ENI who hold 36.84%, Sonangol P&P hold 36.84% (to be divested) and SSI Fifteen hold 26.32%.
Block 15/06 represents the parts of Block 15 that remain in Exploration and Production status and exclude the arreas that are designated PDAs (Production and Development Areas).
Sonangol is looking to divest its interest in 8 offshore oil & gas blocks by way of a tender process, safeguarding the rights of the existing partners.
Details
Asset Name
: Angola Block 15/06
Ref
: AF-ANG-BLK15
Continent
: Africa
Country
: Angola
Location
: Offshore
Project Phase
: Production
Latitude
: -6.18
Longitude
: 11.23
License Start
: 2006
License Expiry
: 2021
Operator
: ENI
Other partners
: Sonangol P&P, SSI Fifteen (Sonangol EP, Sinopec, New Bright International Development Ltd)
Farmout company
: Sonangol
Mandated Agent
: None
Work Programmes
: Drilling, Development
Back Costs
: > $10m
Equity Offered
: 20 - 40%
Deal Status
: Open
FarmoutAngel Valuation
: $25,000,000 - $50,000,000
FarmoutAngel confidence
: High
Consideration Sought
: $25,000,000