Brief: BP, Partners Confirm Further Investment In Angola

North Atlantic Energies SA

06/06/2019 10:45

June 6 (Reuters) - BP PLC  BP.L :
    * BP AND PARTNERS CONFIRM INVESTMENT IN ANGOLA
    * PROJECT EXPECTED TO PRODUCE APPROXIMATELY 40,000
ADDITIONAL
BARRELS OF OIL PER DAY
    * PRODUCTION SHARING AGREEMENT EXTENDS OPERATIONS THROUGH TO
2032
    * DEAL WILL ALSO GIVE STATE-OWNED COMPANY SONANGOL A 10%
EQUITY
INTEREST IN BLOCK 15
    * BLOCK 15 OPERATOR ESSO ANGOLA RETAINS 36% STAKE, BP ANGOLA
HAS
24% INTEREST, ENI ANGOLA EXPLORATION 18% AND EQUINOR ANGOLA 12%
    * CO, PARTNERS AGREED FURTHER INVESTMENT INTO DEEPWATER
BLOCK 15,
OFFSHORE ANGOLA

Source text ID:  (https://on.bp.com/2QVynbC)
Further company coverage:  BP.L 

 ((Reuters.Briefs@thomsonreuters.com;))