KBR (NYSE: KBR) has announced securing a project management contract from Sonangol for the design and construction of a new 200,000 barrels per day (bpd) refinery in Lobito, Angola. This project marks a cornerstone in Angola’s stride towards achieving energy independence and positions the Lobito Refinery as one of the most ambitious energy infrastructure endeavors […]
The Cabinda Oil Refinery project in Angola has reached its financial close, thanks to Gemcorp Holdings Limited (GHL), Africa Finance Corporation (AFC), and African Export-Import Bank (Afreximbank). This project, valued at $473 million, includes US$138 million of equity provided by the project sponsors and a $335 million project financing facility led by Africa Finance Corporation, […]
Sonadrill Holding, a 50:50 joint venture between Seadrill and an affiliate of Sonangol, has bagged a contract for the West Gemini drillship in Angola from an undisclosed customer. The contract is for drilling 10 wells with options for up to an additional eight wells. The firm part of the contract is worth around $161 million, […]
Cuica oil discovery : Italian energy company Eni has made a new light oil discovery in Block 15/06 in the Angolan deepwaters through the drilling of the Cuica-1 NFW well. Eni estimates the oil discovery at the Cuica prospect to be in the range of 200-250 million barrels of oil. It is located within the […]
Qatar Petroleum has signed a farm-in deal with Angolan national oil company Sonangol and Total to acquire a 30% stake in Block 48 contained in the ultra-deep waters of Angola. According to Qatar Petroleum, Block 48 offers a drill-ready opportunity, which spans an area of nearly 3,600 square kilometers. Drilling in the offshore Angolan block […]
Located in block 18 in the territorial waters of Angola, the Platina oil field, which is operated by BP, is scheduled to begin production by the end of 2021. The Platina deepwater oil project is being developed as a subsea tie-back to the existing BP-operated Greater Plutonio floating production, storage and offloading unit (Greater Plutonio […]
Eni and its partners Sonangol P&P, and SSI Fifteen in the offshore 15/06 Block have started production from the Agogo oilfield. The Italian oil and gas giant said that the offshore oilfield in Angola was brought on stream just nine months following its discovery. Eni said that it was possible through the operational synergies enabled […]