China secures big Angola oil deal


The deal is the company's first acquisition of overseas upstream assets and is set to push Sinopec's proven crude oil reserves up by 3.6%, or by 102 million barrels (bbl), with daily crude-oil production rising by 8.8%.

Angola Block 18, a deep-water oil asset in Angola, is divided into an east and west zone and has an average water depth of 1,500 meters. The east zone has been in operation since October 2007, with daily production capacity of 240,000 barrels, while the west zone is at the

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: