$5,000,000
Angola Block 04/05
Sonangol P&P are looking to divest ther 50% stake in the Block including the Gimboa, Kiame and Kiabo Fields.
ProdOil are also seeking to divest their 12.5% equity.
Block 04/05 is operated by Sonanagol P&P who holds 50%.
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 04/05
Ref
: AF-ANG-BLK4
Continent
: Africa
Country
: Angola
Location
: Offshore
Project Phase
: Appraisal / Development
Latitude
: -7.4555
Longitude
: 12.5843
Operator
: Sonangol P&P
Other partners
: ProdOil 12.5%, ACREP 18.75%, SOMOIL 18.75%
Farmout company
: Sonangol
Mandated Agent
: None
Work Programmes
: Drilling, Development
Back Costs
: $1m - $10m
Equity Offered
: 40 - 60%
Deal Status
: Open
FarmoutAngel Valuation
: $10,000,000 - $25,000,000
FarmoutAngel confidence
: High
Consideration Sought
: $5,000,000