Statoil Sells Stake In Angola Offshore Block To Sonangol
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.
Operates 1 Offshore Rigs
- Statoil Takes First Bite Of Solar Market With Brazilian Joint Venture (Oct 04)
- Statoil Charters Last of Largest Oil Tankers to Hold Crude for Asia Buyers (Sep 28)
- Statoil And Partners Plan Output Capacity Expansion At Troll Gas Field (Sep 26)
Company: ENI more info
Operates 12 Offshore Rigs
- Eni Bets Big on Zohr Explorer Finding New Treasure (Oct 06)
- Eni Inks Cooperation Deal With China's CNPC (Sep 13)
- Italy's Eni Confident Of Dividend Even With Lower Oil Prices (Jul 28)
Company: Sonangol more info
- Buyers Eye Sinopec's Argentina Oil Assets in Sale Worth Up to $1B - Sources (Oct 09)
- US Oil Firm Cobalt Files For Arbitration Against Angola For $2B (May 12)
- US Firm Cobalt Threatens Arbitration Over Angolan Oil Assets (Apr 03)