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Equinor takes stakes in 2 Angola oil investigation blocks

Pragya Singh by Pragya Singh
December 25, 2023
in Energy
0
Equinor

Equinor

Equinor (EQNR.OL) has gotten stakes in two more oil investigation hinders seaward Angola as it looks to expand its presence in the country, the top of the Norwegian organization’s Africa activity said in a proclamation on Friday.

Equinor is reshaping its global portfolio, reporting a deal on Friday of all resources in Azerbaijan while developing its obligation to Angola where it as of now delivers oil from three blocks.

“Nothing to joke about”.

Equinor said it had consented to take 40% stakes in blocks 46 and 47 in Angola, which will be worked by Azule Energy, a joint endeavor between BP (BP.L) and ENI (ENI.MI).

Azule will likewise claim 40%, while state bunch Sonangol holds the leftover 20%.

Equinor didn’t say when the organizations would begin boring for oil on the new grounds.

Tags: AngolaEnergyEquinoroiloil and gas
Pragya Singh

Pragya Singh

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