
Somoil to Acquire Galp Assets in Angola for $830 Million
Galp has announced the signing of an agreement with Somoil for the divestment of its upstream assets in Angola.
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Galp has announced the signing of an agreement with Somoil for the divestment of its upstream assets in Angola.
Somoil has announced its acquisition of PTT Exploration and Production’s shares in Block 17/06, offshore Angola.
Edson R. Dos Santos, SOMOIL’s CEO and Board Members will attend the Angola Oil and Gas 2022 conference and exhibition, to be held from November 29- December 1, 2022, at Intercontinental Hotel, in Luanda.
Over the course of 2020, SOMOIL produced more than 10,000 barrels per day (operated production), which represents a doubling of production in just 12 months’ time.
Ao longo de 2021, a SOMOIL produziu mais de 10.000 barris por dia (produção operada), o que representa uma duplicação da produção em apenas 12 meses.
The global majors have signed a deal to sell the company Angola Block 14 B.V., which holds nonoperating interests in Block 14 and Block 14K in Angola.
The company has set ambitious production targets, aiming to increase capacity to 50,000 bpd by 2030.
Etu Energias – Angola’s largest private oil producer – has joined the Angola Oil & Gas (AOG) conference and exhibition as a silver sponsor.
A joint venture has been established to spearhead a lubricant production unit in Angola’s capital.