$10,000,000

Angola Block 03/05

Sonangol P&P are divesting their 25% stake in Block 3/05A and the associated fields.

Block 03/05 is the area under Exploration and Production permits and excludes the PDAs (Production and Development Areas). This area is operated by Sonanagol P&P who holds 25%.

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 03/05
Ref : AF-ANG-BLK3
Continent : Africa
Country : Angola
Location : Offshore
Project Phase : Production
Latitude : -7.0922
Longitude : 12.3995
Operator : Sonangol P&P
Other partners : China Sonangol 25%, Angola Japan Oil Co 20%, ENI 12%, Somoil 10%
Farmout company : Sonangol
Mandated Agent : None
Work Programmes : Drilling, Development
Back Costs : Unknown
Equity Offered : 40 - 60%
Deal Status : Open
FarmoutAngel Valuation : $25,000,000 - $50,000,000
FarmoutAngel confidence : High
Consideration Sought : $10,000,000

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