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Eni, Roc Oil pursue onshore E&D in Angola

09/01/2008
Eni SPA has signed a memorandum of understanding with Angola’s Sonangol to jointly examine onshore exploration and production opportunities.Meanwhile, Roc Oil Co. Ltd., Perth, has spud the seventh and final well in an exploration program on the 1,073 sq km Cabinda South onshore block in the Lower Congo basin.Eni and Sonangol described the plan’s principles, objectives, and timing, which are designed to boost Angola’s economic, industrial, and social development.Eni said this approach also would underpin negotiations to promote its proprietary technology and strengthen its partnership with Sonangol. Eni will implement initiatives in energy, social, industrial, and educati...
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