Angola’s Oil company “Sonangol” has announced plans to close this quarter the process of the international tender for the partial sale of interests held in eight oil blocks, after the completion of all steps of the procedure.
The process has been dragging on since September 2021, with Sonangol carrying out all the steps with transparency, according to Hélder Lisboa, director of Strategy and Management for the oil company’s portfolio.
This is the partial sale of the participating interests of Sonangol, in blocks 3/05, 4/05, 5/6, 15/06, 18, 23, 27 and 31.
The partial sale of the aforementioned shares in Sonangol will allow the oil company to reassess its investment portfolio, ensure compliance and the implementation of its exploration and production strategy, from 2% to 10%, by 2027.
“We had a smooth and transparent process. Today we believe that we have all the keys, mechanisms and tools to make a decision, with the proper authorisations, to dispose of the participatory interests of these blocks”, said Hélder Lisboa to the radio program Ngol, broadcast on Rádio Nacional of Angola.