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    Sonangol´s Farm-Down process results

    8 de abril de 2022
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     Sonangol informs that, within the scope of the public tender for the partial sale of its participating interests, in Blocks 3/05, 4/05, 5/06, 15/06, 18, 23, 27 and 31, it has performed the evaluation of the received proposals, an act that culminated with the selection of some proposals, whose values are in line with those established by Sonangol’s defined sales conditions.

     

    Following the process, from September 20th, 2021 to January 27th of the current year, due diligence process was carried out to verify the compliance of competitors, which resulted in the certification of a total of 10 companies, among which, under the terms of the said tender, were selected the certified companies that presented the best proposal as per information below:

     

    1. Blocks in Production:

    Block 3/05 - Afentra (20%)

    Block 15/06 - Namcor, Sequa and Petrolog (10%)

    Block 18 - Somoil and Sirius (8,5%)

    Block 31 - Somoil and Sirius (10%)

     

    2. Blocks in Exploration:

    Block 23 - Namcor, Sequa and Petrolog (Operator 40%); and Afentra (40%)

    Block 27 - Namcor, Sequa and Petrolog (35%); and Somoil and Sirius (25%)

     

    The partial farm down of participating interests, of the above-mentioned concessions, is part of Sonangol's strategy of repositioning and sustainability of its investment portfolio.