ExxonMobil Angola has signed an addendum to the Block 15 Production Sharing Agreement, extending the production licence until 2037 and enabling the extension of design life for multiple facilities in the block.
The signing ceremony took place with representatives from the Agência Nacional de Petróleo, Gás e Biocombustíveis and Block 15 partners Azule Energy, Equinor, and Sonangol E&P, witnessed by His Excellency Minister Diamantino Azevedo.
Block 15 PSC extension signing; Source: Katrina Fisher via LinkedIn
According to Katrina Fisher, ExxonMobil Angola president, the addendum represents a significant milestone for the company’s operations in the region. The agreement extends the Block 15 PSA production licence to 2037 and enables the extension of the design life for Kizomba A, Kizomba B, Mondo, and Saxi-Batuque facilities, subject to Final Investment Decision, to enable further development of the remaining resources in Block 15.
Fisher described the milestone as representing not only the extension of the asset’s production life but also as a celebration of the partnership between ExxonMobil, the government of Angola, Block 15 partners, and the people of Angola.
During its 30 years of operation in Angola, ExxonMobil has invested more than $12 billion and established what the company describes as a solid business foundation underpinned by a strong safety culture and efficient, low-cost operations. The company has produced over 2.6 billion barrels of oil and made over $100 million in sustainable community investments across Angola during this period.
For more information visit www.corporate.exxonmobil.com
