$10,000,000
Angola Cabinda Sul
ACREP acquired the assets and operatorship of this block from Pluspetrol in 2023 leaving Sonangol P&P with 25% equity. Sonangol P&P are seeking to divest this equity whilst ACREP are seeking investments to explore for oil or gas fields to be commercialised domestically into a local market.
The block contauns 6 Fields: Castanha, Massambala, Coco, Amendoa Sorgo & Noz.
Castanha & Coco Fields both appraised and in production, the Castanha-2 and Castanha-3 appraisals drilled, 21m oil column. Castanha Field production test flow rate 2,275 bopd.
ACREP are operator and hold 55% of the Cabinda Sul Block. Sonangol P&P hold 25%.
Details
Asset Name
: Cabinda Sul
Ref
: AF-AGO-CS
Continent
: Africa
Country
: Angola
Location
: Onshore
Project Phase
: Production
Latitude
: -5.62940
Longitude
: 12.36402
Operator
: ACREP
Other partners
: Sonangol P&P
Farmout company
: Sonangol P&P and ACREP
Mandated Agent
: None
Work Programmes
: Drilling, Development
Equity Offered
: 60 - 80%
Deal Status
: Open
FarmoutAngel Valuation
: $10,000,000 - $25,000,000
FarmoutAngel confidence
: Medium
Consideration Sought
: $10,000,000