Sonangol to Offer 10 Blocks in 2207/2008 Licensing Round

Sonangol E.P., the national oil company of Angola, has announced that 10 blocks will be offered for tender in its forthcoming E&P licensing round planned for late 2007. Those blocks include Onshore Cabinda Centro, onshore Kwanza blocks KON 11 and 12, block 9 in shallow water, deepwater blocks 19, 20 and 21 in the Kwanza Basin, and newly designated ultra-deepwater blocks 46, 47 and 48 in the Lower Congo Basin.

Sonangol has not yet released all technical details relative to these blocks, but the IHS Global E&P database offers these initial details:

Block Onshore Cabinda Centro is located in the lower Congo Basin of Cabinda Province. It covers 1,125 square kilometers.

Block 9 straddles shallow and deep waters of the Kwanza Basin, and occupies a total area of 4,937 square kilometers.

KON 11 and 12 are onshore south of Luanda in the Bengo Province. They are located in the Kwanza Basin with areas of 1,000 square kilometers each.

Blocks 19, 20 and 21 are deepwater blocks in the Kwanza Basin. Block 19 covers 4,860 square kilometers, block 20 covers 4,856 square kilometers, and block 21 covers 4,882 square kilometers.

Blocks 46, 47 and 48 are ultra-deepwater blocks covering 1,971 square kilometers, 2,217 square kilometers and 3,578 square kilometers respectively. They are located in the Lower Congo Basin directly west of Block 31, which is operated by BP. These blocks have not been drilled, but some 2-D and 3-D seismic exists for these blocks.

IHS Inc. has been engaged by Sonangol E.P. to help facilitate this licensing round for Angola in late 2007. Road shows are planned for Luanda, Houston and London but dates have not been set. Information on pre-qualification, road shows and terms of reference will be announced by Sonangol E.P. as details become available.

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