Norwegian seismic services provider PGS, in cooperation with Angolan state-owned oil company Sonangol, is acquiring a new survey over the shallow-water shelf area of the Kwanza Basin off Angola.
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Angola’s national oil company Sonangol will maintain keep its shareholdings in Portugal’s Galp Energia group, the Angolan President said in an interview with Portuguese TV station RTP.
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The turnover of the Sonangol Group in 2018 reached US$17.7 billion, according to Carlos Saturnino, the chairman of the board of the Angolan state oil company, speaking in Luanda.
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The moves by the Angolan government to replace state-run oil and gas firm Sonangol as the country’s concessionaire have borne fruit. As part of the country’s ongoing petroleum sector reform, President João Lourenco, created, by means of Presidential Decree 49/19, of February 6, 2019, the National Petroleum, Gas and Biofuels Agency (Agência Nacional de Petróleo, Gás e Biocombustíveis, or ANPG).
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Oslo-listed offshore drilling company Seadrill has entered into a 50:50 joint venture with Empresa de Serviços e Sondagens de Angola Ltda, an affiliate of Sonangol E.P.
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Sonangol, the national oil company of Angola, is close to sales of assets that should earn it billions of dollars and enable it to reduce its heavy debts and invest more in the oil sector, the engine of Angola’s economy.
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Total and Sonangol have established a JV company aimed at developing common retail and distribution activity in the country. The Total-Sonangol JV will initially focus on fuel distribution and lubricants sales on the business to consumer (B2C) segment, starting with a network of service-stations under the Total brand.
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To remind, Back in 2013 Daewoo secured an order from Sonangol to build two drillships and scheduled the delivery for 2016. However, the Angolan state-owned oil company balked at full payment as its financial situation worsened amid a fall in global oil prices and the drillship were never delivered.
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The Angolan Ministry of Mineral Resources and Oil before the end of the year will finalise the strategy for exploration and auctioning of new oil blocks for the 2019/2023 period, the minister announced on Thursday in the city of Soyo.
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Angola’s proven natural gas reserves are around 4.0 trillion cubic feet (113.267 billion cubic metres), a technical official at Angola’s national oil and gas company Sonangol said on Friday in Luanda.
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