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Angola awards licenses in 3 of 10 "frontier" blocks auctioned

Reuters - UK Focus
Updated

LAGOS, Jan 16 (Reuters) - Angola has awarded rights to three offshore blocks, out of a total of 10 auctioned late last year, the country's petroleum regulator said on Thursday.

Italian oil major Eni and France's Total won operator rights to blocks 28 and 29, respectively, in the offshore Namibe basin, while Angola's state oil company Sonangol and majors Equinor and BP won smaller stakes, regulator ANGP said in a statement.

All of the blocks are "frontier," meaning they do not currently produce oil or gas. (Reporting by Libby George; Editing by Susan Fenton)