Afentra has announced that it has been awarded a 35% stake in onshore permit Block KON4 (subject to government approval) in the Kwanza basin, Angola. The licence will be the company’s first operated asset and is situated just to the north of its other onshore permits, KON15 and KON19. KON4 includes brownfield oil development opportunities, including the 200mmbbls (STOIIP) Quenguela Norte field, which was abandoned in 1999 having peaked at rates of 12,000bopd. The basin is also considered to be r ....
