In a statement, to which VerAngola had access, Sonangol refers that, "as one of the main shareholders of Paenal, it will proceed with its restructuring, based on a new business model adapted to the current and future challenges of the market".
The measure, advances the oil company, aims to "revitalize it and, in this way, place it back in the set of active units and increase its turnover".
Thus, in order to implement these measures, the flagship oil company is "agreeing with partners" on a "profound" change that may involve changing the corporate structure, as well as "defining a new operating model".
"For the implementation of these measures, Sonangol is working with its partners on a profound change that could involve changing the corporate structure and defining a new operating model, which leads to considering, for this purpose, the possibility of carrying out an international contest", reads the statement.
The company also mentions that, in this process, "workers' rights and local commitments will be duly ensured".
Paenal concerns a manufacturing and integration shipyard, whose operation started in 2007, having already proceeded "to the construction of complex facilities for the country's oil and gas industry", adds the note.
