Two Anglolan oil giants have today signed an agreement that could enhance the country’s presence on the oil and gas map.
The chairman of Sonangol and Eni’s chief executive have reached a deal to maximise activities and projects in offshore Angola.
A joint team will study the potential of non-associated gas present in the Lower Congo Basin, a promising hydrocarbon production.
The study will analyse different gas volorization options in the international and domestic market, where gas will have a crucial role in sustaining the local economy.
Claudio Descalzi, Eni chief executive, said: “This agreement will strengthen the prolific cooperation between Eni and Sonangol, confirming Angola as one of the key countries for the company’s organic growth strategy.
“In the coming years, Angola will become one of the most important oil and gas hubs for the sub-saharian activities of Eni”.
Eni has been present in Angola since 1980 and currently has an equity production of approximately 80,000 barrels of oil equivalent per day.