Angola's First Major Gas Discovery Could Anchor Its $150 Billion Strategy ...Middle East

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Angolas First Major Gas Discovery Could Anchor Its $150 Billion Strategy
source : OILPRICE ( Middle East ) () 63
Angola has made a major natural gas discovery, marking a breakthrough in the country’s efforts to diversify its fossil fuel production. Azule Energy, a joint venture between BP Plc (NYSE:BP), Eni S.p.A. (NYSE:E) and a group of Angolan companies successfully drilled the country's first dedicated gas exploration well in the Lower Congo Basin, with preliminary estimates suggesting the reserve holds more than 1 trillion cubic feet of natural gas and up to 100 million barrels of condensates. This is the first natural gas exploration by the former…

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