Eni and Sonangol, the national oil company of Angola, signed a strategic agreement on future cooperation activities and joint projects in the oil and gas sector to develop in the country, according to a press release
Under the agreement, Eni and Sonangol will set up a joint team aimed at studying the potential of the nonassociated gas present in the Lower Congo Basin, a highly promising area in terms of hydrocarbon production located offshore Angola.
The scope of the study is to analyze the different gas valorization options both internationally and in the domestic market, where gas will have a crucial role in sustaining the local economy. The joint Sonangol-Eni team will benefit from Eni’s proprietary expertise and substantial experience in developing gas resources worldwide.
The companies also will be committed to develop projects on the mid-downstream business to be carried out in Angola.
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