Sonangol EP, Angola’s national oil and gas company, has extended the period of the data showrooms for Blocks 20/11 and 21/09 until 31 August 2018
Sonangol said that the extension was in the scope of the process of partial divestment of the participatory interests held in the aforementioned blocks and at the request of several interested companies.
Consequently, the deadline for the delivery of binding bids for the acquisition of participatory interest, as well as the position of the operator, was extended until 30 September 2018.
Therefore, companies wishing to submit tenders must submit a letter of interest to Sonangol by 31 July 2018.
Sonangol reiterated that all proposals should be addressed to the chairman of the board of directors.
In February 2018, Sonangol announced plans to sell stakes in oil blocks and several local banks, which was in line with the company’s aims to recover from the crude-market slump.
