ExxonMobil Makes First Angolan Discovery In 18 Years
U.S. supermajor ExxonMobil has drilled a successful exploration well on Block 15 offshore Angola.
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U.S. supermajor ExxonMobil has drilled a successful exploration well on Block 15 offshore Angola.
The well encountered 30 m (98 ft) of high-quality, hydrocarbon-bearing sandstone. It is located approximately 365 km northwest off the coast of Luanda and was drilled in 1,100 m (3,608 ft) of water by the Valaris DS-9 rig.
The well encountered 30 m (98 ft) of high-quality, hydrocarbon-bearing sandstone. It is located approximately 365 km northwest off the coast of Luanda and was drilled in 1,100 m (3,608 ft) of water by the Valaris DS-9 rig.
Brewing giant SABMiller has announced plans to build a US$125-million brewery and soft drink bottling plant in Angola. The new projects will double SABMiller's investment in the Southern African country.
The Rengo trade union announced that it's bumping the pay raise target to about 5%, the highest in 28 years.