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BP, Eni consider joint venture to improve oil and gas production in Angola
May 20, 2021
Source: world oil

BP, Eni consider joint venture to improve oil and gas production in Angola

BP Plc and Eni SpA are considering merging their Angolan oil, gas, and liquefied natural gas assets into a joint venture in a bid to revive output following years of decline. The companies’ Angolan assets together produce more than 200,000 barrels of oil equivalent a day, BP and Eni said in a statement on Wednesday. Merging them would bring “significant opportunities” to “boost future developments” and increase investment in the basin, they said.

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