$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