Angola’s national oil company, Sonangol, has undergone privatization, enhancing its competitiveness and capacity as an operator.
Seeking partnerships for exploration and production projects, Sonangol is reaching out to US companies. A networking event in Houston on March 19, hosted by Angola Oil & Gas 2024, presents a platform for Sonangol and US investors to connect and forge strategic alliances.
Supported by key stakeholders, including the Ministry of Mineral Resources, Oil and Gas, Sonangol, and others, the event facilitates deal signings and advancements in Angola’s oil and gas industry.
Sonangol recently qualified as an operator in the onshore licensing round, offering opportunities for US firms to collaborate in developing Block KON 15.
Strategic partnerships with US companies, such as ExxonMobil and Chevron’s Angolan subsidiary CABGOC, demonstrate Sonangol’s commitment to exploration and development.
Collaborative efforts, like the New Gas Consortium, aim to harness Angola’s gas fields’ potential. Moreover, Sonangol’s expansion into renewable energy sectors, exemplified by the Caraculo Solar Power Station, presents new investment avenues for US investors.
Through initiatives like the MoU with Azule Energy, Sonangol is advancing renewable energy projects, including solar and wind, aligning with Angola’s Energy Strategy 2025.
US investors are encouraged to explore collaboration opportunities, contributing to Angola’s energy security and long-term prosperity.
