Qatarenergy Signs Agreement For Angola Offshore Blocks
Under the agreement, and subject to the relevant governmental approvals and final contractual arrangements, QatarEnergy will hold a 30% working interest, while Shell (the operator) will hold 50%, and Sonangol will hold 20% in the two offshore blocks.
Commenting on this occasion, HE Minister of State for Energy Affairs and President and CEO of QatarEnergy Saad bin Sherida Al Kaabi said: "QatarEnergy is pleased to sign this agreement and to establish a presence in the energy sector of the Republic of Angola as part of our international upstream exploration strategy and growth efforts. We would like to thank the Angolan authorities, and our partners Shell and Sonangol, for their cooperation and support. We look forward to a longstanding and fruitful partnership.”
The agreement was signed in the Angolan capital Luanda on the sidelines of the Angola Oil & Gas Conference.
QatarEnergy Angola Oil & Gas agreement
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