$10,000,000
Angola Cabinda Norte
ENI are looking to divest their equity to focus on their offshore assets. ENI are operator and hold 48%.
ACREP are also seeking investment to recover their back costs and fund development.
The Block includes the Dinge Oilfield which has yet to go into production, but with adequate investment could produce in commercial quantities.
Details
Asset Name
: Cabinda Norte
Ref
: AF-AGO-CN
Continent
: Africa
Country
: Angola
Location
: Onshore
Project Phase
: Appraisal / Development
Latitude
: -4.9924
Longitude
: 12.3189
Operator
: ENI
Other partners
: Sonangol P&P, ACREP
Farmout company
: ENI, ACREP
Mandated Agent
: None
Work Programmes
: Seismic, Drilling, Development
Back Costs
: > $10m
Equity Offered
: 40 - 60%
Deal Status
: Open
FarmoutAngel Valuation
: $10,000,000 - $25,000,000
FarmoutAngel confidence
: Medium
Consideration Sought
: $10,000,000