Equinor ASA, Norway’s largest oil and gasoline producer, is seeking to promote a variety of Angolan fields, in line with folks aware of the matter.
Equinor is working with a monetary adviser to assist determine potential patrons, the folks stated, asking to not be named as a result of the data isn’t public. It intends to retain a small stake in one of many fields, they stated. Deliberations are ongoing and no last determination on a sale has been made, they stated.
The Norwegian firm has in recent times sought to streamline its worldwide portfolio, agreeing to exit Azerbaijan and Nigeria in 2024 and most just lately divesting its onshore fields in Argentina.
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Equinor spokesperson Ola Morten Aanestad stated the corporate doesn’t touch upon rumors or hypothesis. “Angola is a core nation for Equinor and we see a long run future there,” he stated.
Talking at an occasion in Oslo earlier this week, Vice President for Worldwide Exploration and Manufacturing Philippe Mathieu stated Equinor is focusing on fields in Brazil, the Gulf of Mexico, the US and the UK to spice up manufacturing from its worldwide portfolio to 900,000 barrels a day by 2030, up from about 700,000 barrels a day in 2025.
Equinor is concerned in three offshore producing blocks on the Angolan continental shelf, with fairness manufacturing in 2024 totaling about 110,000 barrels of oil equal a day, in accordance to its web site.
Angola is working to stem a long-term decline in oil output brought on by a scarcity of funding. The nation has set a goal of sustaining output above 1 million barrels a day, and in 2023 give up OPEC as a result of the group was insisting on chopping its manufacturing restrict.
