The 12 previously announced discoveries on block 32 include Gindungo, Canela, Cola, Gengibre, Mostarda, Salsa, Caril, Manjericao, Louro, Cominhos, Colorau and Alho. Conceptual development studies are under way in order to establish the feasibility of a first development area in the central southeastern part of block 32.
The concessionaire of block 32 is Sonangol. The operator is Total Exploration and Production Angola (Block 32) with 30% interest. Sonangol holds a 20% interest; Esso Exploration and Production Angola (Block 32) holds a 15% interest; and Petrogal holds a 5% interest.
Dave Roberts, executive vice president (upstream) of Marathon Oil, said: “Through this sale, Marathon has been able to capture exploration value and bring better balance to our overall portfolio by redeploying capital into other growth regions for the company. At the same time, maintaining a 10% interest in both blocks 31 and 32 provides Marathon with exposure to this important resource base.”
Houston-based Marathon Oil is an integrated energy company engaged in exploration and production, oil sands mining, integrated gas, and refining, marketing and transportation operations.
