Angola’s Sonangol is in talks with oil majors about deploying two new oil rigs it commissioned from South Korea’s Daewoo Shipbuilding and Marine Engineering in 2013, Reuters reported.
According to Sandaq, Sonangol said it was in talks with Exxon Mobil, Chevron, BP, Eni and Total about leasing the rigs to help boost exploration and production off the coast of the southwest African nation.
The two rigs, the first to be owned by Sonangol, will enter service soon, the company said. Angola is an OPEC member and vies with Nigeria as Africa’s biggest oil producer.
In related news, Angola has recently expressed its willingness to extend the production cuts of the Organization of the Petroleum Exporting Countries (OPEC) during the second half of 2017 as the global rally in prices shows signs of stalling.