Statoil adds to presalt acreage offshore Angola

Offshore staff

STAVANGER, Norway – Statoil has won operatorship for blocks 38 and 39 and has become a partner in blocks 22, 25, and 40 in Kwanza basin offshore Angola following the completion of a bid round. Statoil is the operator for the following blocks with 55% interest: Block 38 - Partners are Sonangol P&P and China Sonangol with 30% and 15% interest, respectively. Block 39 - Partners are Sonangol P&P and Total with 30% and 15% interest, respectively. Statoil is a partner in the following blocks with 20% interest: Block 22 - Repsol is the operator with 30% interest, and Sonangol P&P is a partner with 50% interest. Block 25 -Total is the operator with 35% interest, with BP and Sonangol P&P is a partners with 15% and 30% interest, respectively. Block 40 - Total is the operator with 50% interest, and Sonangol P&P is a partner with 30% interest. Sonangol has a carried interest of 30% in all blocks during the exploration phase. The work commitment consists of 3D seismic acquisition spanning 18,400 sq km (11,433 sq mi) and participation in eight exploration wells in total. Statoil will also contribute to the development of Sonangol’s Research and Technology Center, social projects and training programs for Sonangol employees.