In a statement, the ANPG - National Agency for Petroleum, Gas and Biofuels refers that technical procedures are underway to guarantee the execution of the contract for the block, located in the municipality of Cabo Ledo, Luanda, within the safety and environmental standards required in the industry.
The document highlights that the operators of the block are the consortium formed by Sonangol Pesquisa e Produção (with 30 percent), as operator, Brite's Oil and Gas (with 25 percent), Grupo Simples Oil and Atlas Petroleum Exploration Worldwide (which hold 20 percent each), as well as Omega Risk Solutions Angola (with 5 percent).
This is a concession awarded within the framework of the 2020 tender, underlines the note, adding that "in the event of promising results after drilling, the consortium should proceed with the survey of geological and geophysical data (G&G), with the aim of improve the mapping of structures in the block, without jeopardizing the preliminary development aimed at restarting production".
"The resumption of exploration activities in the KON11 block represents an important milestone for the Angolan oil industry, as it brought about the reactivation of operations in an onshore block without activities since the 1990s due to the adverse context of the time", highlights the note.
