The National Petroleum Corporation of Namibia (Namcor) has won an production bid in Angola.
This was after Angola’s state oil company Sonangol had put out oil Blocks 3/05, 4/05, 5/06, 15/06, 18, 23, 27 and 31 to public tender for the partial sale of its participating interests.
“Namcor is excited that we were successful bidders in exploration and producing assets in Angola,” Namcor’s Manager Marketing, Communication and Public Relations, Paulo Coelho told The Brief.
The awarding of rights to Namcor comes as the company in November had exclusively revealed to The Brief that it was in the hunt for oil blocks in Angola and Nigeria as it seeks to aggressively grow its portfolio and play a bigger role in the upstream side of the oil business.
The company also plans to grow its fuel retail outlets business it started more than three years ago and is targeting to have 20 outlets by November this year is a sector currently dominated by the likes of Puma, Shell, Engine and Total.
Last month NAMCOR Exploration and Production, a subsidiary of Namcor, entered into an agreement with Qatari oil and gas giant QatarEnergy on the heels of two recent oil discoveries in the country where both companies hold interests.
The agreement also provides the framework for cooperation between the two companies to support and develop a sustainable upstream oil and gas sector in Namibia.
Both companies are partners in recent oil discoveries made in Namibia’s waters, first by Shell and later by TotalEnergies.
