In Angola, Sonangol has announced that it has discovered gas reserves in the offshore Kwanza basin. According to the company, the gas reserves could total 813 million boe in block 20/11. The company said Block 20/11 held an estimated 313 million barrels of condensate and 2.8 Tcf of gas, Reuters reports.

In 2015, Sonangol secured a 40% participating interest in Blocks 21/09 and 20/11 owned by Cobalt International Energy. The state-oil company added Cobalt’s interest to its 30% while BP owns the remaining 30%.Sonangol is currently experiencing a reshuffle and the President, Jose Eduardo dos Santos, has appointed his daughter, Isabel (photo), to lead the move.

In spite of being in control of the resource which represents about two-thirds of state income, the company has often been denounced as incomprehensible and Isabel dos Santos has vowed that it will change.“We’re very committed to transparency. We’re very committed to improving our profits at Sonangol and to improving our organization,” she said.She added that the oil company would be divided into three units. One units will manage the company’s oil operations, while another will be in charge of logistics. The third unit will be in charge of the management of concessions to foreign energy companies.

Angola, which postponed the processing of natural gas in April 2014 as a result of a failure in one of the pipelines of the gas flaring system, is expected to resume processing in July.

Anita Fatunji