QatarEnergy, alongside its partners Shell and Sonangol E&P signed an agreement with Angola’s National Agency for Oil, Gas, and Biofuels (ANPG) pertaining to Blocks 8 and 22 offshore of Angola.
Under the agreement, and subject to the relevant
governmental approvals and final contractual arrangements, QatarEnergy will
hold a 30% working interest, while Shell (the operator) will hold 50%, and
Sonangol will hold 20% in the two offshore blocks.
Saad Al-Kaabi, the Minister of State for Energy Affairs, the
President and CEO of QatarEnergy, said: “QatarEnergy is pleased to sign this
agreement and to establish a presence in the energy sector of the Republic of
Angola as part of our international upstream exploration strategy and growth
efforts. We would like to thank the Angolan authorities, and our partners Shell
and Sonangol, for their cooperation and support. We look forward to a
longstanding and fruitful partnership.”
The agreement was signed in the Angolan capital Luanda on
the sidelines of the Angola Oil & Gas Conference. -OGN/TradeArabia News Service
