The block is currently being operated by the Angola’s licensees’ Agip, Total, and Chevron.
The offshore blocks have produced 700,000 barrels of crude oil per day and accounts for much of OPEC member Angola’s output, the company said in a press statement.
Republic of Cabinda, which was a Portuguese Protectorate, and gained independencein 1975, was invaded by Angola and is still witnessing dispute over control of oil.
Kilimanjaro Capital has planned to acquire disputed and distressed oil and mineral assests throughout Africa.
The company, recently, had signed a contract for exclusive oil and minerals rights with the Government of Southern Cameroons.
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