BP exits 50% interest offshore southern Angola

BP has decided to exit its 50% interest in Block 24/11 offshore southern Angola.
By Staff reporter 30 June 2017 0 26582

BP has decided to exit its 50% interest in Block 24/11 offshore southern Angola after concluding that Katambi, a gas discovery made in the block in 2014, is not commercial.

The company made the announcement as part of its Q2 results presentation, saying the decision is part of its ongoing portfolio evaluation.

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