BP, Angola in Offshore Oil Agreement

BP signed an agreement with Angola aimed at acquiring oil further exploration rights, state news agency Angop reported, the latest in a flurry of agreements between oil majors and Africa’s second-biggest exporter.

The deal with the country’s petroleum regulator ANPG defines the terms for a risk-sharing contract on offshore oil block 18/15 and was signed on the sidelines of the UK-Africa Investment Summit on Monday.

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