Eni Digs Deep For Angola Stake

Clear confirmation of the importance of Angola's growing contribution to world oil supply comes in the form of Eni's rumoured US$900mn bid for a stake in the prolific Block 15. It is no great surprise that Chinese interests bid high for the multi-billion barrel concession, but the rare sight of a developed market company paying top dollar shows just how important it is to have strong representation in one of the world's most important deep water oil provinces. At a time when high-quality oil prospects are hard to find, the opportunity to add to or acquire an Angolan presence is

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