Energy giant ExxonMobil and its consortium partners have signed a production sharing contract (PSC) extension for Block 17, a key offshore oil asset in Angola.
The renewed agreement includes TotalEnergies, Equinor, Azule Energy—a 50/50 joint venture between bp and Eni—and Angola’s state-owned oil company, Sonangol.
“As a partner, we have witnessed firsthand the significant contribution that Block 17 has made to Angola’s oil and gas industry,” said Katrina Fisher, President of ExxonMobil Angola.
The extension ensures the continued development of Block 17’s mature oilfields by leveraging existing infrastructure and the consortium’s extensive technical expertise.
It covers operations across the block’s four major production hubs: Girassol, Dalia, Pazflor, and CLOV.
These assets have been critical to Angola’s oil output for over two decades and remain central to the country’s energy sector strategy.
The renewed PSC underscores the consortium’s commitment to sustaining production, maximizing recovery, and supporting Angola’s long-term energy ambitions.
