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Thursday, June 6, 2019
US supermajor ExxonMobil says it and its partners plan to invest in increasing production on Angola’s Block 15. The company said the plan is to increase production by a further 40,000 bpd.
ExxonMobil, the operator, says that it will conduct a multi-year drilling program on the block and install new infrastructure technology to increase capacity of existing subsea flow lines.
Changes to the PSA will extend operations through 2032 and bring Angola’s state-owned Sonangol into the Block 15 partnership with a 10% interest.
In addition to ExxonMobil, BP, ENI, and Equinor are also partners on the block
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