ExxonMobil in talks with Angolan authorities over fresh oil blocks

US supermajor ExxonMobil is in talks with Angola’s authorities to secure access to six deep-water blocks in the country’s frontier Namibe basin, while four blocks in this undrilled area are set to be offered in a licensing round.

According to state-owned player Sonangol, ExxonMobil is in negotiations to secure blocks 30, 41, 42, 43, 44 and 45. Block 41 lies in the north of the basin, adjacent to Total-operated acreage, while blocks 30 and 45 are adjacent to the maritime boundary with Namibia.

Sonangol also said today that studies needed to underpin a future licensing round are under way on Namibe blocks 26, 27, 28 and 29, which are located in shallower waters due east of the acreage ExxonMobil is discussing. In the Lower Congo basin, meanwhile, Sonangol said that UK-based BP, Italy’s Eni and Equinor of Norway are in negotiations to be awarded ultra-deepwater blocks 46 and 47. These tracts are located adjacent to and due west of BP’s Block 31.

Source: Upstream

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