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Monday, October 19, 2020
The Angolan National Oil, Gas and Biofuels Agency (ANPG) signed three Risk Service Agreements (RSAs) with ExxonMobil and Sonangol P&P that will allow the increase of the offshore exploration area to over 17,800 square kilometers. These agreements will make it possible to identify the potential of hydrocarbon resources existing in the Namibe Basin.
Until now the Namibe Basin was an unexplored maritime zone in Angola. Deep water blocks 30, 44 and 45 are located between 50 and 100 kilometers from the Angolan coast, in a water depth that varies between 1,500 and more than 3,000 meters in depth.
ANPG’s Chairman of the Board of Directors, Paulino Jerónimo, welcomed the signing of these contracts and underlined the advantages connected to the presence of ExxonMobil in the Namibe Basin, which will allow to develop the geological knowledge, as well as to explore the existing hydrocarbon potential.
On the same occasion, Paulino Jerónimo underlined that “the success of the work carried out in Angola by international operators, many of whom already have a consolidated presence in the country, is an extremely important factor for the development and credibility of the Angolan oil sector.”
“We will work with the Angolan government and ANPG to identify the border areas with the best resource potential, applying our proven experience and our cutting-edge technology,” said ExxonMobil General Manager in Angola, Andre Kostelnik, adding that “these new concessions are the result of the long successful history of our exploration and production activities in Angola.”
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