Africa Monitor Intelligence

Angola: Oil Exploration Grinds to a Halt; Future Production Levels Compromised

The first two phases of SNL EP's asset privatization (deadlines on 15.MAY and 30.MAY) were marked by difficulties related to the State of Emergency, which prevented some potential interested parties from visiting the assets in Angola, for the purpose of “due diligence”. Despite the situation, and pressured by the need to make adjustments with the divestments, SNL EP decided to keep the deadlines. READ MORE