Eni, Sonangol in off Angola co-op

The Chairman of Sonangol, the National Oil Company of Angola, Francisco de Lemos Maria, and Eni’s CEO Claudio Descalzi signed today a strategic agreement on future co-operation activities and joint projects in the oil and gas sector to develop in the country.

Under the agreement, Eni and Sonangol will set up a joint team aimed at studying the potential of the non-associated gas present in the Lower Congo Basin, a highly promising area in terms of hydrocarbon production located offshore Angola.

According to Eni, the scope of the study is to analyze the different gas valorization options both internationally and in the domestic market, where gas will have a crucial role in order to sustain the local economy. The joint Sonangol-Eni team will benefit from Eni’s proprietary expertise and substantial experience in developing gas resources worldwide, Eni said in the press release.

“This agreement will strengthen the prolific cooperation between Eni and Sonangol, confirming Angola as one of the key countries for the company’s organic growth strategy”

Moreover, the companies will be committed to develop projects on the mid-downstream business to be carried out in Angola.

Eni says that the agreement represents another milestone in the long-standing relationship between Eni and Angola, contributing to a further enhancement of the “south-north corridor” strategy of the company.

“This agreement will strengthen the prolific cooperation between Eni and Sonangol, confirming Angola as one of the key countries for the company’s organic growth strategy,” Eni CEO Claudio Descalzi said. “In the coming years, Angola will become one of the most important oil and gas hubs for the sub-saharian activities of Eni.”

Eni has been present in Angola since 1980 and currently has an equity production of approximately 80,000 barrels of oil equivalent per day. It is also engaged as operator in the upcoming start-up of the deep water Block 15/06 West Hub project, which is due to start by the end of 2014.

Image: Sonangol

Share this article

Follow Offshore Energy Today

Events>

<< Feb 2020 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 1

Offshore Energy Exhibition and Conference (OEEC) 2020

Offshore Energy addresses the technical, operational and commercial challenges associated with future sector growth.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

OWI APAC 2020

Over the two-day conference, 30 expert speakers will share exclusive insight to help drive well work efficiencies through innovative…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply