Maurel & Prom advances acquisition of Angolan blocks 3/05 and 3/05A

Maurel & Prom, with Afentra and operator Sonangol E&P, is proceeding with the acquisition of Etu Energias' interests in Angolan blocks 3/05 and 3/05A after Angola published the executive decree for Block 3/05A. Afentra will raise its stake to 33.33% in 3/05 and 24.99% in 3/05A for $15.2m upfront plus up to $6.74m contingent on oil prices and production.

Detected & updated continuously · Source: Nebula