Statoil divests interest in Eni-operated block offshore Angola

Statoil is divesting its 5% participating interest in the Eni-operated block 15/06 offshore Angola to the concessionaire Sonangol EP for $200 million.

May 12th, 2014

Offshore staff

STAVANGER, NorwayStatoil is divesting its 5% participating interest in the Eni-operated block 15/06 offshore Angola to the concessionaire Sonangol EP for $200 million.

“This transaction is part of Statoil’s continued optimization process to maximize value and focus financial and organizational capabilities to core assets,” said Tove Stuhr Sjøblom, Statoil Sub-Saharan Africa senior vice president.

Statoil’s equity production from Angola equaled 200,000 b/d in 2013. In addition to the ownership in four producing assets, Statoil also holds participating interests in several other licenses, including exploration blocks in the Kwanza basin offshore Angola.

05/12/2014

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