QatarEnergy signs agreement for Angola offshore blocks
<p>Doha, Qatar: 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 the Republic of Angola.</p> <p>Under the agreement, and subject to the relevant governmental approvals and final contractual arrangements, QatarEnergy will hold a 30% working interest, while Shell (the…
Doha, Qatar witnessed QatarEnergy signing a significant agreement for Angola's offshore Blocks 8 and 22, in collaboration with global energy giants Shell and Sonangol E&P. The agreement, subject to the necessary governmental approvals and final contractual arrangements, outlines a 30% working interest for QatarEnergy, a 50% stake for Shell, and a 20% share for Sonangol in these offshore blocks.
During the signing ceremony held in the Angolan capital Luanda, QatarEnergy's CEO, His Excellency Saad Sherida Al-Kaabi, expressed QatarEnergy's enthusiasm for establishing a presence in Angola's energy sector. He attributed this strategic move to QatarEnergy's international upstream exploration strategy and growth efforts. Al-Kaabi also extended gratitude to the Angolan authorities, as well as to Shell and Sonangol for their cooperation and support, hinting at a long-term and fruitful partnership.
Written by urgent.news from The Peninsula Qatar Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 2 other outlets
- QatarEnergy signs agreement for Angola offshore blocks gulf-times.com
- QatarEnergy signs deal for Angola offshore blocks qatar-tribune.com
