Angola-focused China Sonangol has decided to sell its stake in Block 3/05A off the West African country, stalling plans for an early production system at one of the block’s fields.
Sources with direct knowledge of the matter told Upstream that China Sonangol — a joint venture between Hong Kong-based China International Fund and Angola’s state-owned Sonangol — has approached the market to seek a buyer of the 25% stake in the block, where at least two fields have been discovered.
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