Sonangol and BP to advance BP’s activities in Angola

Posted On December 17th, 2018 - 3:23 pm | by Oil and gas press

Angola’s Sonangol and BP today signed an agreement to progress to final investment decision the development of the Platina field in deepwater Block 18, offshore Angola. They also agreed to extend the production licence for the BP-operated Greater Plutonio project on Block 18 to 2032, subject to government approval, and for Sonangol to take an 8% equity interest in the block.

Platina would be BP’s first new operated development in Angola since the PSVM project in Block 31 began production in 2013. It would be the second phase of development in Block 18 – the Greater Plutonio project started up in 2007.

The agreements were signed in Luanda today by Chairman of the Board of Directors of Sonangol Carlos Saturnino and BP group chief executive Bob Dudley.

Source / More : BP

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