Luanda – The Chairman of Sonangol, the National Oil Company of Angola, Francisco de Lemos Maria, and Eni’s CEO Claudio Descalzi signed today a strategic agreement on future co-operation activities and joint projects in the oil and gas sector to develop in the country. Under the agreement, Eni and Sonangol will set up a joint team aimed at studying the potential of the non-associated gas present in the Lower Congo Basin, a highly promising area in terms of hydrocarbon production located offshore Angola. The scope of the study is to analyze the different gas valorization options both internationally and in the domestic market, where gas will have a crucial role in order to sustain the local economy. The joint Sonangol-Eni team will benefit from Eni’s proprietary expertise and substantial experience in developing gas resources worldwide. Moreover, the companies will be committed to develop projects on the mid-downstream business to be carried out in Angola. (9colonne)
