Afentra is an independent Oil & Gas company focused on the African Energy Transition.
Afentra has a 4% non-operated interest in the offshore production Block 3/05 in Angola, and a 4%* interest in the adjacent development Block 3/05A.
(*subject to final approval of the distribution of the China Sonangol International interest to the remaining joint venture partners, Afentra’s working interest in Block 3/05A would increase from 4% to 5.33%).
In April 2022, the Company signed a sale and purchase agreement with Sonangol which, upon completion, will increase its interest in Block 3/05 to 24% and result in a 40% non-operated interest in the highly prospective exploration and appraisal Block 23, Angola.
Afentra also has a 34% carried interest in the Odewayne exploration Block, onshore southwestern Somaliland, covering a very large area (circa 22,000km²). The PSA covers Block SL6 and part of Blocks SL7 and SL10.