Sonangol secures concession to explore onshore oil in Cabinda, Angola

30 March 2015

The Angolan Government has awarded state oil company Sonangol a concession to research and produce onshore oil in the centre of the Cabinda enclave, an area of ​​over 1,400 square kilometres.

According to Portuguese new agency Lusa the information contained in a presidential decree of 20 March notes the Centre Block of the Onshore Cabinda Area (there are also onshore areas to the north and south) “has already been the subject of an oil concession that was unsuccessful.”

However, according to the same decree, signed by the Angolan President, José Eduardo dos Santos, state company Sonangol “intends to sign contracts with certain entities to conduct petroleum operations” in this central area of ​​the enclave, bordering the Democratic Republic of Congo.

The area, whose mining rights include prospecting, exploration, development and production of liquid and gaseous hydrocarbons, covers 1402.5 square kilometres (km2) in the territory of Cabinda and will involve a service contract (holding) with risks.

The contract includes a surveying period of five years and a production period of 20 years, for each development area. (macauhub/AO)