Statoil Sells Stake In Angola Offshore Block To Sonangol



Reuters

OSLO, May 12 (Reuters) - Norwegian oil and gas firm Statoil sold its 5-percent stake in the ENI-operated block 15/06 offshore Angola to state oil firm Sonangol for a consideration of $200 million, the firm said on Monday.

"The transaction will allow Statoil to unlock capital and contribute to improved financial flexibility going forward," Statoil sub-Saharan Africa senior vice-president Tove Stuhr Sjoeblom said in a statement.

(Reporting by Balazs Koranyi, editing by Gwladys Fouche)



WHAT DO YOU THINK?


Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

RELATED COMPANIES