$10,000,000
Angola Block 27
Sonangol P&P are seeking a partner to explore Block 27. The block was awarded after the 2019 Bid Round with a commitment to drill 1 exploration well.
The block is fully covered in 3D seismic
Sonangol hold 35% equity with the remainng 65% equity open and available.
Details
Asset Name
: Block 27
Ref
: AF-AGO-B27
Continent
: Africa
Country
: Angola
Location
: Offshore
Project Phase
: Frontier
Latitude
: -13.8729
Longitude
: 12.1025
License Start
: 2019
Operator
: Sonangol P&P
Other partners
: None
Farmout company
: Sonangol
Work Programmes
: Seismic, Drilling
Back Costs
: $100,000 - $1m
Equity Offered
: 60 - 80%
Deal Status
: Open
FarmoutAngel Valuation
: $10,000,000 - $25,000,000
FarmoutAngel confidence
: High
Consideration Sought
: $10,000,000