Eni builds energy partnership with Sonangol

Eni will evaluate setting up an onshore electric power plant in Angola that will use associated gas under a new agreement signed with Sonangol to boost that country's energy facilities and industrial activities.

Feb. 10, 2009

Uchenna Izundu
OGJ International Editor

LONDON, Feb. 10 -- Eni SPA will evaluate setting up an onshore electric power plant in Angola that will use associated gas under a new agreement signed with Sonangol to boost that country's energy facilities and industrial activities.

Sonangol and Eni also will conduct a joint study to evaluate highly prospective Angolan onshore basins and their production potential.

According to their third agreement, the companies will focus on educational projects and training of Angolan professionals, Eni said.

These agreements build upon a memorandum of understanding signed in August 2008 when the companies pledged to strengthen their strategic cooperation and for Eni to contribute to Angola's energy, social, industrial, and educational spheres.

Eni has been in Angola since 1980, has equity production of 140,000 boe/d, and operates deepwater Block 15/06.

Contact Uchenna Izundu at [email protected].