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)

Copyright 2017 Thomson Reuters. Click for Restrictions.

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