Angola awards deepwater PSAs

Angola license awards [67,892 bytes] As interest mounts in Angola's hot deepwater play, state firm Sonangol has awarded production-sharing agreements to BP Amoco plc, Elf Exploration Angola, and Exxon Corp. BP Amoco was awarded Block 31, which covers 5,400 sq km of the prolific Lower Congo basin in water 1,500-2,500 m deep. BP is now operator of Blocks 18 and 31 and interest holder in a further six licenses here. Block 31 license interests are: operator BP Amoco 26.67%, Exxon unit Esso Exploration 25%, Sonangol 20%, Statoil AS 13.33%, Marathon Oil Co. 10%, and Elf 5%. A BP Amoco official told OGJ the company plans to begin acquiring 3D seismic data over...

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