Sonangol Opens Tenders for Offshore Blocks

Sonangol, the national oil company of Angola, conducted a public opening of sealed tenders from international and domestic oil companies seeking to participate in the exploration and potential exploitation of five offshore blocks - 1, 5, 6, 26 and the relinquished portion of block 15. Each block attracted proposals. The opening of the tenders occurred in Luanda on April 3 as published in earlier communications and in presentations during November 2005 in Houston and London. It was the first public opening ceremony of tenders in the oil sector in Angola since its independence in 1975.

A total of 20 companies submitted proposals for participation in the blocks. There was a spirited competition for one of the blocks in particular, with all blocks drawing higher signature bonus figures than seen elsewhere in recent years.

"This is truly a great day for Angola and the future of its oil and gas industry," said Dr. Carlos Saturnino, Sonangol's Director of Negotiations and President of the Proposals Evaluation Jury. "The interest by the companies in the blocks offered validates Angola as a major hydrocarbon province. We look forward to working together with the successful tenderers in the development of the blocks on offer."

The evaluation of tenders commenced immediately after the April 3 opening and will conclude 30 days thereafter with an announcement of the successful tenderers. A further 15 days is available for any unsuccessful tenderers to appeal results of the evaluation.

An additional public opening of tenders for Blocks 17 and 18 will be held in Luanda May 9, 2006. For additional information about Sonangol or this licensing round, please consult the Sonangol Web page at

IHS provides integrated E&P information, software and consulting services to oil and gas companies worldwide. IHS is one of the leading global providers of critical technical information, decision-support tools and related services to customers in a number of industries including energy, defense, aerospace, construction, electronics and automotive.

For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Operations Supervisor - Hobbs, NM Job
Expertise: Asset Management|Operations Management|Refinery / Plant Operations Supervisor
Location: Hobbs, NM
Engineering Intern - Tolk Station Job
Expertise: Plant Operations Engineer|Project Management|Student / Recent Grad
Location: Earth, TX
United States Houston: Account Rep, Bus Dev, Sr
Expertise: Business Development|Sales
Location: Houston, TX
search for more jobs

Brent Crude Oil : $50.47/BBL 0.98%
Light Crude Oil : $49.72/BBL 1.09%
Natural Gas : $2.76/MMBtu 1.09%
Updated in last 24 hours