Angola: ExxonMobil redeveloping offshore Block 15 to boost production

ExxonMobil has committed to further investing in Block 15 offshore Angola with the aim to boost oil output.

ExxonMobil said Wednesday the decision made with its partners was part of an agreement with Angola’s recently established National Agency for Petroleum, Gas, and Biofuels. As part of the agreement, Sonangol, Angola’s state oil company, will receive a 10 percent equity interest. Exxon is the operator of the block with partners being BP, Equinor, Eni, and now Sonangol.

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