Norwegian oil and gas group Statoil said Wednesday that it saw significant upside potential in its future activities offshore Angola, following the award of fresh exploration acreage there.
Statoil has just been awarded operatorship of the ultra deepwater Angolan Blocks 38 and 39 with a 40% stake in each. Block 38 covers 6,298 square kilometers and Block 39 covers 7,800 square kilometers.
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Source: The Platt
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