QatarEnergy signs agreement for Angola offshore Blocks 8 and 22
Key highlights
- QatarEnergy will hold a 30% working interest in Blocks 8 and 22 offshore Angola.
- Shell will act as operator and hold a 50% working interest, while Sonangol will hold 20%.
- The agreement was signed with Angola's National Agency for Oil, Gas, and Biofuels (ANPG) in Luanda on the sidelines of the Angola Oil & Gas Conference.
- The deal remains subject to relevant governmental approvals and final contractual arrangements.
Deal overview
QatarEnergy, alongside its partners Shell and Sonangol E&P, signed an agreement with Angola's National Agency for Oil, Gas, and Biofuels (ANPG) pertaining to Blocks 8 and 22 offshore the Republic of Angola.
Ownership and operator
Under the agreement, and subject to the relevant governmental approvals and final contractual arrangements, QatarEnergy will hold a 30% working interest, Shell (the operator) will hold 50%, and Sonangol will hold 20% in the two offshore blocks.
Signing and context
The agreement was signed in the Angolan capital Luanda on the sidelines of the Angola Oil & Gas Conference.
Source: QatarEnergy
