QatarEnergy signs agreement for Angola offshore blocks
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 A...
QatarEnergy, in partnership with Shell and Sonangol E&P, recently reached an agreement with Angola's National Agency for Oil, Gas, and Biofuels (ANPG) concerning Blocks 8 and 22, located offshore of the Republic of Angola. The accord, pending governmental approvals and final contractual details, grants QatarEnergy a 30% working interest, while Shell and Sonangol each receive 50% and 20% shares respectively.
Speaking on the occasion, HE Saad bin Sherida Al Kaabi, Minister of State for Energy Affairs and President and CEO of QatarEnergy, expressed QatarEnergy's enthusiasm for the agreement. He stated that the company is pleased to establish a presence in Angola's energy sector as part of its international upstream exploration strategy and growth endeavors.
Al Kaabi praised the cooperation and support from the Angolan authorities and partners, Shell and Sonangol, and expressed anticipation for a long-lasting and fruitful partnership.
The agreement was signed in Angola's capital, Luanda, during the Angola Oil & Gas Conference.
Written by urgent.news from Gulf Times Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- QatarEnergy signs agreement for Angola offshore blocks thepeninsulaqatar.com
- QatarEnergy signs deal for Angola offshore blocks qatar-tribune.com
