Acquisition of Interest in Sonangol's Offshore Block 6/24
Sector: Commercial • Location: Angola
Source: Offshore Engineer Magazine
Australian oil and gas company Red Sky Energy has signed a risk service contract with the Angolan National Agency for Oil, Gas and Biofuels, acquiring a 35% interest in Sonangol-operated Block 6/24 in the Kwanza Basin, offshore Angola. The block is estimated to have significant oil potential and contains the Cegonha oil discovery, with further studies planned to assess its commercial viability.
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Description
Description | Australian oil and gas company Red Sky Energy has signed a risk service contract with the Angolan National Agency for Oil, Gas and Biofuels, acquiring a 35% interest in Sonangol-operated Block 6/24 in the Kwanza Basin, offshore Angola. The block is estimated to have significant oil potential and contains the Cegonha oil discovery, with further studies planned to assess its commercial viability. |
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