Ver Angola

Energy

Oil: Arabs from Qatar Petroleum buy 30 percent of block 48

The oil company Qatar Petroleum announced that it acquired a 30 percent stake in the exploration of block 48, on the coast of Angola, joining the French company Total and the Angolan company Sonangol in the exploration that should start up by 2021.

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"Continuing our goal of building a world-class exploration portfolio, securing holdings in promising blocks in various geographies, we are pleased to announce that we are part of this exciting deepwater opportunity in Angola, a leading country in the production of gas and oil "commented the president of Qatar Petroleum, Saad Sherida Al-Kaabi.

In the note on the oil company's website, consulted this Thursday by Lusa, the also Minister of State for Energy Affairs added that this “is the first opportunity both in Angola, with Sonangol” and with a “partner of Total, an experienced operator with a significant presence in the country ”.

After the approval of the national authorities, the Arab oil company will start exploring, in this or next year, a block in ultra-deep waters that covers an area of ​​3600 square kilometers, corresponding to an area slightly larger than the Greater Lisbon region. .

Angola is the second largest oil producer in sub-Saharan Africa, after Nigeria, and is part of the Organization of Petroleum Exporting Countries (OPEC), unlike Qatar, which left the cartel last year.

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