Angola and the DRC to Ink Block 14 Agreement on July 13

Angola. Oil

The signing date was agreed upon during a bilateral meeting held last week which included representatives from Angola’s National Oil Company (NOC) Sonangol and DRC NOC Sonahydroc, whereby the parties discussed contractual terms for the Production Sharing Contract for Block 14.

Located in the offshore waters straddling the border of the DRC and Angola, in the maritime zone of common interest, the signing of the Block follows several decades of negotiations and is set to kickstart a highly-anticipated exploration campaign.

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Onur Yilmaz

Onur Yilmaz

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