$25,000,000
Angola Block 16/15
This block is available for direct negotiations ahead of License Rounds. It contains the Chissonga and Cubal Fields discovered by Maersk in 2009.
Chissonga is believed to hold between 100 – 300 mmbls and Maersk had plans to develop it via an FPSO. The decison not to develop the field is likely do to the high gas concentrations.
Details
Asset Name
: Block 16 (Chissonga-Cubal)
Ref
: AF-AGO-B16
Continent
: Africa
Country
: Angola
Location
: Offshore
Project Phase
: Exploration
Operator
: ANPG
Other partners
: None
Farmout company
: ANPG
Mandated Agent
: None
Work Programmes
: Drilling, Development
Back Costs
: Unknown
Equity Offered
: 80 - 100%
Deal Status
: Open
FarmoutAngel Valuation
: $25,000,000 - $50,000,000
FarmoutAngel confidence
: High
Consideration Sought
: $25,000,000