Italian energy company Eni has signed the first three agreements pertaining to the memorandum of understanding (MoU) jointly signed with Angola’s state oil company Sonangol. The MoU sets out the principles and objectives for a co-operation model between the two companies encompassing the economic, industrial and social development of Angola.
According to the company, the first agreement is for a study that addresses the utilization of associated gas feeding a new onshore power plant. The aim is to enhance Angola’s energy infrastructure and industrial activities while respecting its environment.
The second agreement foresees a joint study that evaluates areas of the prospective Angolan onshore basins and their production potential for further upstream sector initiatives.
The third agreement focuses on the strategic implementation of educational projects and training of Angolan professionals with the aim of implementing the energy initiatives contained in the MoU.
Eni is an integrated energy company, engaged in research, production, transport, transformation and marketing of oil and natural gas. The company has been present in Angola since 1980 and currently working on equity production of approximately 140,000 barrels of oil equivalent per day, claims the company.
