Page 7 - AfrOil Week 46 2022

AfrOil INVESTMENT AfrOil

Both of the companies have offered to explore
and develop the blocks in partnership with
Empresa Nacional de Hidrocarbonetos (ENH),
Mozambique’s national oil company (NOC),
INP stated.
Eni has said that it is willing to operate A6-C
and retain a 60% stake in the block, while reserv-
ing 40% of equity for ENH, it explained.
Meanwhile, CNOOC International is ready
to serve as operator of the remaining five blocks
and retain majority stakes of 70%, 77.5%, 77.5%,
80% and 79.5% respectively in S6-A, S-6B,
A6-D, A6-E and A6-G, leaving stakes of 30%,
22.5%, 22.5%, 20% and 20.5% for ENH.
Nazário Bangalane, the chairman of the INP,
told representatives of Eni and CNOOC during
a ceremony held to mark the opening of the bids
that he appreciated the interest both companies
had shown in the offshore blocks.
He “thanked Eni and CNOOC for their
interest in investing in those areas with proven
petroleum potential and stressed that the eval-
uation process of the proposals will be made by
a multi-sectoral team composed of senior offi-
cials from different state institutions with tech-
nical capacity and experience in evaluating such
proposals, assisted by an external consultant, in
order to ensure a fully transparent process,” the
statement said.
The institute hopes to announce the results of Only six of the 16 blocks included in the bidding round drew offers (Image: INP)
the bidding contests by December 30, it added.
Neither Bangalane nor the INP commented blocks in the Rovuma basin. The Rovuma basin
on the fact that the bidding round also included is home to all of the fields that will feed Mozam-
10 blocks that failed to attract any bids at all – bique’s large-scale LNG projects, including
specifically, two licence areas in the Zambezi Coral South LNG, which has just exported its
basin, two blocks in the Angoche basin and six first cargo. ™

PERFORMANCE
Angola says fuel sales rose 21% in Q3 2022

ANGOLA ANGOLA’S Petroleum Derivatives Regulatory
Institute (IRDP) reported on November 11 that
a total of 1,271,986 tonnes of refined fuels had
been sold in the country in the third quarter of
2022, up by about 21% on the figure of 1,051,228
tonnes reported for the second quarter.
According to IRDP’s data, imports accounted
for some 69% of all refined fuels sold in Angola
in the July-September period, or about 877,670
tonnes.
Domestic production made up the remain-
ing 31% of sales, or nearly 394,316 tonnes,
with 30%, or 381,596 tonnes, coming from the
Luanda refinery and 1%, or 12,720, coming Sonangol had the largest share of the domestic fuel market in September (Photo:
from the Cabinda topping plant, operated by
Cabinda Gulf Oil Co. Ltd (CABGOC), a sub- that motor fuels – that is, gasoline and diesel –
sidiary of Chevron (US). had made up the bulk of total sales, or nearly
IRDP did not provide a full breakdown of 1,151,822 tonnes. It also reported that motor
all types of petroleum products sold within fuel sales volumes had risen by around 2% quar-
Angola in the third quarter. However, it noted ter on quarter.

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