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Company: Equinor obtains stakes in two new oil exploration blocks in Angola

26/12/2023
Source : ORISHAS FINANCE
Categories: Companies

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The heads of Equinor's African operations said in a statement last Friday that the Norwegian company has obtained stakes in two new oil exploration blocks off the coast of Angola. On this part, the company wants to expand its presence in the country.

eQuinor announced the sale of all of its assets in Azerbaijan while strengthening its commitment to Angola where it already produces oil from three blocks. Equinor said it has agreed to take a 40% stake in blocks 46 and 47 in Angola, which will be operated by Azule Energy, a joint venture between

BP and ENI.
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