Eni signed three agreements in Luanda to further strengthen its cooperation with the Angolan national oil company, Sonangol.
Through the agreements signed by Sonangol Chairman Manuel Vicente and by Eni E&P COO Claudio Descalzi, the two companies have established the framework for the development of joint mining initiatives in Angola and abroad, the execution of a pilot project in food and biodiesel and non associated gas development projects related to block 15/06 in Angola.
The agreement is a further step in the consolidation of Eni’s presence in Angola, strengthening its commitment to the Angolan oil industry as an operator and to the socio-economic and environmental growth of the country.
The framework agreement follows the Production Sharing Contract (PSC) for Block 35 pre-salt exploration area in the deepwater Kwanza Basin, which was signed on December 20, and the Memorandum of Understanding, signed on November 22, for the realization of a feasibility study aimed at building a new refinery in Lobito.
This operation confirms Angola as one of the key countries in the company’s organic growth strategy.
[mappress] Subsea World News Staff , December 23, 2011