{"id":13006,"date":"2022-12-21T11:56:39","date_gmt":"2022-12-21T11:56:39","guid":{"rendered":"https:\/\/www.oilnewskenya.com\/?p=13006"},"modified":"2022-12-21T11:56:58","modified_gmt":"2022-12-21T11:56:58","slug":"angola-pttep-to-sell-block-17-06-project-in-angola-to-somoil","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/angola-pttep-to-sell-block-17-06-project-in-angola-to-somoil\/","title":{"rendered":"ANGOLA:  PTTEP to sell Block 17\/06 Project to SOMOIL"},"content":{"rendered":"<p>PTTEP has entered into a Sale and Purchase Agreement (SPA) to sell its entire 2.5% participation interest in the Block 17\/06 Project in Angola to\u00a0<em>SOMOIL<\/em>. Completion of the sale is expected by mid-2023 subject to the conditions prescribed in the SPA.<\/p>\n<p>The Block 17\/06 Project is an offshore oil field under development phase located on the west coast of Angola. This divestment marks the withdrawal of all PTTEP\u2019s investment in Angola which aligned with the Company\u2019s strategy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PTTEP has entered into a Sale and Purchase Agreement (SPA) to sell its entire 2.5% participation interest in the Block 17\/06 Project in Angola to\u00a0SOMOIL. Completion of the sale is &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/angola-pttep-to-sell-block-17-06-project-in-angola-to-somoil\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":10304,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7442,7445,11],"tags":[160,10733,2096,9625],"class_list":["post-13006","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-southern-africa","category-top-news","tag-angola","tag-block-17-06","tag-pttep","tag-somoil","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/05\/angola-block-17.jpg?fit=750%2C500&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-3nM","jetpack-related-posts":[{"id":13225,"url":"https:\/\/www.oilnewskenya.com\/index.php\/angola-galp-signs-agreement-with-somoil-for-the-sale-of-assets\/","url_meta":{"origin":13006,"position":0},"title":"ANGOLA: Galp Signs Agreement with SOMOIL for the Sale of Assets","author":"","date":"February 14, 2023","format":false,"excerpt":"Galp has signed an agreement with SOMOIL - Sociedade Petrol\u00edfera Angolana S.A. for the sale of its upstream assets in Angola.Proceeds are expected to reach c.$830 m, already net of capital gain taxes, including c.$655 m to be received until completion and $175 m in contingent payments due in 2024\u2026","rel":"","context":"In &quot;Southern Africa&quot;","block_context":{"text":"Southern Africa","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/southern-africa\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/02\/ANGOLA-GALP-1.jpg?fit=750%2C357&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/02\/ANGOLA-GALP-1.jpg?fit=750%2C357&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/02\/ANGOLA-GALP-1.jpg?fit=750%2C357&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/02\/ANGOLA-GALP-1.jpg?fit=750%2C357&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":12209,"url":"https:\/\/www.oilnewskenya.com\/index.php\/angola-sirius-somoil-sign-spa-with-sonangol-to-acquire-offshore-blocks-18-31-and-27\/","url_meta":{"origin":13006,"position":1},"title":"ANGOLA: Sirius, Somoil Sign SPA with Sonangol to acquire offshore Blocks 18, 31 and 27","author":"","date":"May 5, 2022","format":false,"excerpt":"Sirius and its local JV partner, Somoil S.A have announced that\u00a0the joint Sirius-Somoil\u00a0consortium, has signed a legally binding Sale and Purchase Agreement (SPA) with Sonangol Pesquisa e Produ\u00e7\u00e3o S.A.\u00a0to acquire participating interests of 8.28% and 10% respectively in the producing Angolan offshore Blocks 18 and 31 and a\u00a025%\u00a0participating interest in\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/02\/Angola_Map_Detail.png?fit=1200%2C1200&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/02\/Angola_Map_Detail.png?fit=1200%2C1200&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/02\/Angola_Map_Detail.png?fit=1200%2C1200&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/02\/Angola_Map_Detail.png?fit=1200%2C1200&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/02\/Angola_Map_Detail.png?fit=1200%2C1200&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":11625,"url":"https:\/\/www.oilnewskenya.com\/index.php\/angola-totalenergies-sells-its-non-operated-interest-in-block-14\/","url_meta":{"origin":13006,"position":2},"title":"ANGOLA: TotalEnergies sells its non-operated interest in block 14","author":"","date":"January 17, 2022","format":false,"excerpt":"TotalEnergies has signed an agreement to sell, jointly with Inpex, the company Angola Block 14 B.V. to the Angolan Company Somoil. The transaction is subject to the approval of the Angolan authorities. Angola Block 14 B.V., owned by TotalEnergies Holdings International B.V. (50.01%) and Inpex Angola Block 14 Ltd (49.99%)\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/01\/Angola-block-14.jpeg?fit=366%2C500&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":10909,"url":"https:\/\/www.oilnewskenya.com\/index.php\/angola-anpg-announces-the-2020-bidding-blocks-winners\/","url_meta":{"origin":13006,"position":3},"title":"ANGOLA: ANPG Announces the 2020 Bidding Blocks Winners","author":"","date":"September 27, 2021","format":false,"excerpt":"The National Agency for Petroleum, Gas and Biofuels (ANPG), acting as a National Concessionaire, pursuant to Decree No. 86\/18, of 2 April, which establishes the Rules and Procedures for Tenders for the Acquisition of Member Status of the National Concessionaire and for the Contracting of Goods and Services in the\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/09\/Angola-Blocks-2020.jpg?fit=901%2C1200&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/09\/Angola-Blocks-2020.jpg?fit=901%2C1200&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/09\/Angola-Blocks-2020.jpg?fit=901%2C1200&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/09\/Angola-Blocks-2020.jpg?fit=901%2C1200&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":12309,"url":"https:\/\/www.oilnewskenya.com\/index.php\/algeria-pttep-commences-first-oil-production-from-hassi-bir-rekaiz-project\/","url_meta":{"origin":13006,"position":4},"title":"ALGERIA: PTTEP Commences First Oil Production from Hassi Bir Rekaiz Project","author":"","date":"June 6, 2022","format":false,"excerpt":"PTT Exploration and Production Public Company Limited (PTTEP) announces that the Algeria Hassi Bir Rekaiz Project, in partnership with SONATRACH SPA, has successfully commenced the production with the oil production target at 13,000 barrels per day. The Project PTTEP says the project will add the total production volume and support\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/06\/ALGERIA-Hassi-Bir-Rekaiz-Project.jpg?fit=480%2C463&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":12132,"url":"https:\/\/www.oilnewskenya.com\/index.php\/angola-afentra-selected-as-preferred-bidder-to-purchase-interests-in-block-3-05-and-block-23\/","url_meta":{"origin":13006,"position":5},"title":"ANGOLA: Afentra Selected as Preferred Bidder  to Purchase Interests in Block 3\/05 and Block 23","author":"","date":"April 14, 2022","format":false,"excerpt":"Afentra has announced that Afentra has been selected as preferred bidder to purchase interests in Block 3\/05 and Block 23. This follows the announcements on 8 October 2021 and 3 February 2022 that the Company had submitted a non-binding expression of interest for the two blocks which resulted in the\u2026","rel":"","context":"In &quot;Central Africa&quot;","block_context":{"text":"Central Africa","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/central-africa\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/09\/Angola-Blocks-2020.jpg?fit=901%2C1200&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/09\/Angola-Blocks-2020.jpg?fit=901%2C1200&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/09\/Angola-Blocks-2020.jpg?fit=901%2C1200&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/09\/Angola-Blocks-2020.jpg?fit=901%2C1200&ssl=1&resize=700%2C400 2x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/13006","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=13006"}],"version-history":[{"count":2,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/13006\/revisions"}],"predecessor-version":[{"id":13008,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/13006\/revisions\/13008"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/10304"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=13006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=13006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=13006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}