Bloomberg News

BP Wins Presalt Oil Block 24 in Angola, Statoil Wins Block 22

December 20, 2011

Dec. 20 (Bloomberg) -- BP Plc won a 50 percent stake and the right to operate the presalt block 24 in Angola, said Manuel Vicente, chairman of state-owned oil company Sonangol.

Statoil ASA will operate block 22 and Total SA was awarded block 25, where it will partner with BP, Statoil and Sonangol P&P, Vicente told reporters today in Luanda, the capital. Sonangol will hold the other 50 percent stake in block 24, he said.

To contact the reporter on this story: Candido Mendes in Luanda at cmendes6@bloomberg.net

To contact the editor responsible for this story: Gordon Bell at gbell16@bloomberg.net


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