Exploration & Production

BP and Sonangol reach agreement for further investments

BP has signed an agreement with Angola’s Sonangol that will allow it to make FIDs on several offshore blocks in the country.
By Staff reporter 18 December 2018 0 33729

BP has signed an agreement with Angola’s state petroleum company Sonangol that will allow it to make FIDs on several offshore blocks in the country.

The deal paves the way for the development of the Platina field in deepwater Block 18 and an extension to the BP-operated Greater Plutonio project in the same concession to 2032.

The Platina development will be the company’s first new operated venture in the country since the PSVM project in Block 3, which began production in...