QatarEnergy to Acquire Stakes in Angolan Offshore Blocks

published:10/09/2026 06:52 GMT

A consortium comprising QatarEnergy has signed a heads of agreement with Angola’s National Agency for Oil, Gas, and Biofuels (ANPG) for two offshore oil blocks in Angola. The agreement includes Block 8 and 22, the state-backed energy company said in a post on X. Other consortium partners are British oil and gas major Shell and Angola state-backed Sonangol E&P. Under the deal, QatarEnergy will hold a 30 percent working interest, while Shell (the operator) will hold 50 percent and Sonangol will...More