Qatar Petroleum recently entered into a farm-in agreement with Sonangol and Total, to acquire a 30% participating interest in Block 48, located in the ultra-deep waters offshore Angola. Sonangol is the national oil company of Angola.
The block, with a drill-ready opportunity covers an area of approximately 3,600 square kilometres, and is expected to be part of a 2020/2021 drilling programme.
Minister of State for Energy Affairs and President/CEO of Qatar Petroleum, HE Saad Sherida Al Kaabi, is pleased to be part of this exciting ultra-deep water opportunity in Angola, which he said is a leading oil and gas producing country.
The minister added that this is the country’s first opportunity in Angola with Sonangol and long-term partner Total.
We would like to thank the Angolan authorities, and our partners in this block for their support. We look forward to a longstanding and fruitful partnership.
The farm-in agreement is subject to customary approvals by the Angolan government. Upon receipt of such approvals, the parties’ respective interests in Block 48 will be as follows: Total (Operator – 40%), Sonangol (30%) and Qatar Petroleum (30%).
Block 48 is located in the ultra-deep waters offshore Lower Congo Basin, approximately 400 km northwest of Luanda and 200 km west of Soyo onshore facilities. The average water depth in the block is around 2,500 metres.