Exxon Mobil Corp. is considering an investment valued at $15 billion through 2030 if it makes commercial oil discoveries in the Namibe Basin, Paulino Jeronimo, chairman for the Angola National Agency for Petroleum, Gas and Biofuels, ANPG, said in Luanda. The ANPG, Exxon and state-owned Sonangol signed an addendum to blocks 30, 44, and 45 in the Namibe Basin to make exploration in the area more competitive. Exxon will pursue a potential exploration well in 2024 as a result of improved fiscal terms. The move is part of an effort…
Read MoreExxonMobil Plans $15Bn Oil Exploration In Angola
