INA, member of MOL Group, entered Angola in 1981 and currently holds 4% interest in two non-operated blocks, Block 3/05 and 3/05 A, both operated by Sonangol.
In 2022, maintenance activities were carried out on Block 3/05, while on Block 3/05A, the well workover of GAZ-101ST well finished without success in restoring production from Caco-Gazela field. Re-evaluation study of Caco-Gazela area was completed. On 18th July 2022 Afentra (Angola) Ltd has signed a Sale and Purchase Agreement with INA - Industrija Nafte, d.d. to acquire a 4% interest in Block 3/05 and a 5.33% interest in Block 3/05A, with an effective date of 30th September 2021. The transfer of INA’s participation interests on both blocks was approved by the Minister of Mineral Resources, Petroleum and Gas, executive decrees issued.
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