BW Energy Enters Angola's Oil Sector, Buys Stakes in Blocks
Update: 2025-12-13
Description
BW Energy and Maurel & Prom are acquiring stakes in Angolas Block Fourteen and Fourteen K, currently producing forty thousand barrels per day. BW Energy will hold a ten percent net stake, with potential for increased production and development of untapped assets. The deal, valued at ninety-seven point five million dollars, requires regulatory approval and is set to close in mid-2026.
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