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Angola’s Sonangol reiterates payment commitment of drill ships

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Angola’s State-run Oil Firm “Sonangol” pledged to honor its commitments to definitively buy the two drill ships, built by Daewoo company in South Korea.

According to the company’s note, the agreement was reinstated last Thursday at a meeting held on the sidelines of the Offshore Technologies Conference (OTC) held in Houston, Texas, United States.

The meeting brought together the delegations of Sonangol and South Korea’s company, Daewoo.

Sonangol CEO Carlos Saturnino agreed on national oil company’s mechanisms to reduce the debt to the South Korean company so that the ships start operating next year.

Ordered by Sonangol, the ships are believed to play key roles in the oil company’s strategy, which foresees a resurgence of the oil development projects by 2019.

In another meeting, the Oil Firm CEO received assurance from the Ensco company having expressed interest in competing for the services of the two ships.

The national company also discussed with the  Cobalt management the consolidation of commitment made to transfer the participatory rights in Blocks 20 and 21 to Sonangol.

Cobalt will also start conveying geographic and geophysical data to the Angolan oil company.

The delegation of Sonangol also met with Halliburton Board on aspects of common interest.

Source: Angop

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