Eni and bp to explore combining Angolan interests into new joint venture
édité le 20/05/2021 - Plus de news de BP - Voir la fiche entreprise de BP
bp and Eni announced that they have entered into a non-binding memorandum of understanding (MoU) to progress detailed discussions on combining their upstream portfolios in Angola, including all their oil, gas and LNG interests in the country.
The companies believe that combining their efforts in a new joint venture company would bring significant opportunities for them to jointly boost future developments and operations in Angola. In particular, it would be expected to generate significant synergies, create more efficient operations, and increase investment and growth in the basin. The new venture would reflect both companies commitment to continue developing the upstream sector potential of Angola.
BP, Eni consider joint venture to improve oil and gas production in Angola
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bp and Eni announced that they have entered into a non-binding memorandum of understanding (MoU) to progress detailed discussions on combining their upstream portfolios in Angola, including all their oil, gas and LNG interests in the country.
The companies believe that combining their efforts in a new joint venture company would bring significant opportunities for them to jointly boost future developments and operations in Angola. In particular, it would be expected to generate significant synergies, create more efficient operations, and increase investment and growth in the basin. The new venture would reflect both companies’ commitment to continue developing the upstream sector potential of Angola.
Advertisement Eni and BP have entered into a non-binding memorandum of understanding (MoU) to progress detailed discussions on combining their upstream portfolios in Angola, including all their oil, gas and LNG interests in the country.
The new company would be supported by Eni and BP and would be expected to be self-funded. A business plan for the company would be agreed by Eni and BP to allow it to capture future opportunities in exploration, development and possibly portfolio growth, both in Angola and regionally.
Eni and BP have informed the Angolan Government of their intention. Any final transaction will be subject to relevant governmental, regulatory, and partner approvals.
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