Sonangol Extends Deadline for Farm Down Bid Process - Africa’s premier report on the oil, gas and energy landscape.

Sonangol Extends Deadline for Farm Down Bid Process

Angola’s state hydrocarbon company Sonangol says it has extended the deadline for bid process for the sale of its equity in certain assets in the country.

The timeline for access to the virtual Data Showrooms sessions has been extended to August 20th, 2021.

As a result, the deadline for proposals submission was extended until September 20th, 2021.

The sale involves over 40,000Barrels of Oil Per Day production.

Sonangol is selling part of the equity assigned to Sonangol P&P, its operating arm, in Blocks 03/05, 4/05, 5/06, 15/06, 18, 23, 27, and 31, all in the country’s deepwater.

The most prolific block in the sale is 15/06, in which SonangolP&P has held around 37% equity since TOTALEnergies exited the acreage in 2014. Over 92,000BOPD was exported from Block 15/06 by the three partners on the asset in March 2021, according to the May 2021 edition of the Africa Oil+GasReport.

Sonangol’s spokespersons say the extension was prompted by the surge in interest in the process by companies.

“For any additional question inherent to the process, the interested parties should contact the Evaluation Committee created for this purpose by e-mail, alienacaoblocospp@sonangol.co.ao”, says Gouveia, whose own email address is rg@cunhavaz.com.

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