Eni Wins New E&P License Offshore Angola
January 17 2020 - 6:17AM
Dow Jones News
By Cristina Roca
Eni SpA (ENI.MI) said Friday that it has been awarded a new
exploration and production license in the unexplored Namibe basin
offshore Angola.
The Italian energy major said it will be the operator of the
license for Block 28. It will hold a 60% share in the joint
venture, where Angola's state-owned oil company Sonangol P&P
will hold 20%.
The remaining 20% will be assigned to a third partner during the
closing of the contract, Eni said.
Write to Cristina Roca at cristina.roca@dowjones.com;
@_cristinaroca
(END) Dow Jones Newswires
January 17, 2020 06:02 ET (11:02 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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