By Sully Manope, in Luanda
Angola’s National Agency for Petroleum, Gas and Biofuels (ANPG) has announced the entry of Oando Plc, the Nigerian junior, into the Contractor Group of Block KON 13, as operator, holding 45% of the participating interest, with Effimax Energy – Serviços, Lda (30%), Sonangol Exploração & Produção (15%) and Walcot Ltd (10%) as associates.
The Block, located in the Kwanza Onshore Basin ,” has significant exploration potential in pre-salt and post-salt accumulations, with estimates of 770 to 1,100Million barrels of prospective oil resources”, the upstream regulatory agency declared in a statement. “It has two exploration wells previously drilled to a maximum depth of 3,000 meters, with the presence of oil and gas observed at various depth levels”.
Paulino Jerónimo, Chairman of the Board of Directors of ANPG, emphasized that “Oando’s presence in Angola is a clear indication that African oil companies are beginning to see Angola as a reliable reference for their investment”.
