Afentra Consolidates its Position in Block 3/05 Offshore Angola

7

LONDON – Afentra has completed acquisitions of non-operated interests in two blocks offshore Angola.

In Block 23, the company has taken a 40% stake, in a concession which it says offers long-term upside potential.

It has also acquired lifted its interest in Block 3/05 to 18% following a sale and purchase agreement with Sonangol, and expects to raise its stake further to 30% on completion of a further share held by the bp/Eni venture Azule Energy, probably in 1Q 2024.

Production from Block 3/05 averaged 20,560 b/d last month, with Block 3/05A delivering around 1,300 b/d from the Gaz-101 well. These improvements follow restoration works over the course of the year in addition to well interventions currently in progress on Block 3/05.

The light well intervention program has focused mainly on re-perforation and stimulation operations across the Block 3/05 fields, with more work planned to improve gas lift.

Future activities will include the installation of electric submersible pumps in certain production and infill wells. And a gas management program is under way to find a solution for the gas which could also reduce emissions.

Source : Offshore