The Angolan government has granted oil and gas operation, development and production rights to state oil company Sociedade Nacional de Combustíveis de Angola (Sonangol) in an area of 4,900 square kilometres in deep water, under the terms of presidential decrees.
The decrees grant Sonangol the rights to develop and produce oil and gas in block 20/15, with 88.8 square kilometres, and block 16/15, with 4,809 square kilometres.
Both concessions are valid for six years for the research period, adding another 20 years for production, from the date of the respective commercial discovery statement (of oil or gas).
The first concession results from a gas discovery in the drilling of the Lontra-1 well, production potential studies on which have since been completed, with Sonangol showing interest in “carrying out, in the short term, operations for development and production” in that area, which will now be known as block 20/15 block, according to the decree.
The second concession is for areas that have not been demarcated in block 16/15, in which Sonangol intends to independently analyse the feasibility of oil operations, with no other partners. (macauhub/AO)