$10,000,000
Angola Block 30
Exxon & Sonangol P&P will divest to fund first exploration well.
Exxon have finded 3D seismic surveys over these frontier blocks and are likley to divest ahead of drilling.
Details
Asset Name
: Block 30
Ref
: AF-AGO-B30
Continent
: Africa
Country
: Angola
Location
: Offshore
Project Phase
: Frontier
Latitude
: -16.7405
Longitude
: 11.2511
Operator
: ExxonMobil
Other partners
: Sonangol P&P
Farmout company
: ExxonMobil, Sonangol P&P
Mandated Agent
: None
Work Programmes
: Drilling
Equity Offered
: 40 - 60%
Deal Status
: Open
FarmoutAngel Valuation
: $25,000,000 - $50,000,000
FarmoutAngel confidence
: High
Consideration Sought
: $10,000,000