ANPG, ExxonMobil, Sonangol to explore Namibe basin potential

Angola’s National Oil, Gas and Biofuels Agency (ANPG), ExxonMobil, and Sonangol signed three agreements extending prospecting and exploration activities to Namibe basin, an unexplored area offshore Angola. The agreements increase the exploration area over 17,800 sq km in the previously unexplored maritime zone. Activity was previously limited to the Congo and Kwanza basins.

Deep water blocks 30, 44, and 45 lie 50-100 km from the coast in water depths of 1,500-3,000 m.

ExxonMobil is operator of the blocks with 60% interest. Sonangol holds 40%.