QatarEnergy, alongside its partners Shell and Sonangol E&P, signed an agreement with Angola’s National Agency for Oil, Gas, and Biofuels (ANPG) pertaining to Blocks 8 and 22 offshore Angola. Under the agreement, and subject to the relevant governmental approvals and final contractual arrangements, QatarEnergy will hold a 30% working interest, while Shell (the operator) will hold 50%, and Sonangol will hold 20% in the two offshore blocks. “QatarEnergy is pleased to sign this agreement and to establish a presence” in Angola’s energy sector “as part of our international upstream exploration strategy and growth efforts,” said Minister of State for Energy Affairs and President and CEO of QatarEnergy Saad bin Sherida Al Kaabi said. “We would like to thank the Angolan authorities, and our partners Shell and Sonangol, for their cooperation and support. We look forward to a longstanding and fruitful partnership.” The agreement was signed in Luanda on the sidelines of the Angola Oil & Gas Conference.
