The Angolan Private Oil Society (Somoil) won, recently, an international competition to participate in research, development and oil production, and gas in Brazil, ANGOP learnt in Luanda.According to the company source, Somoil holds 50 percent of the concession at Block BT-REC-18, in the Recôncavo Basin, Brazilian State of Bahia, with the Brazilian Starfish Oil & Gas Society as the operator, which has an equal share of participation.
To abide the contract clauses, Somoil already disbursed half of the six million dollars established to pay the debt of initial expenses made by the Brazilian partner.
Somoil also carried out a joint technical study with the Brazilian Starfish private company to explore the country's main onshore oil field of the Kwanza Basin.
The activities also include the internal distribution of fuel and oil, as well as developing solar and aeolic energy.
First private oil private that is totally Angolan to enter the field of oil exploration, in 2002, with a 10% quota, Somoil is amongst the that work at block 3/05 and 3/05A, close to Sonangol Research & Production (25%), China Sonangol International Limited (25%), Angolan Japan Oil (20%), Eni Angola Production (12%), Petroleum Industry of Serbia (4%) and the Croatian Ina-Naftaplin (4%).
In block 4/05, not yet researched, Somoil has a 15 percent participation quota, together with Sonangol Research & Production (50%), Norsk Hidro Angola (20%) and Angola Consulting Resources (ACR) 15%.
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