Our Business

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We believe that oil & gas is integral to the global energy needs and economic development for many decades to come. Our role is to ensure that we invest in them in an environmentally and socially responsible manner.

Oil & Gas

China Sonangol has a joint venture with Sinopec (China's No.2 oil and gas producer after PetroChina) in Sonangol Sinopec International, which holds 50% participating interest in Block 18 in Angola. Block 18, operated by BP, covers an area of more than 5000 km2 and lies in water depths of 500 - 1600m. It contains the Greater Plutonio development which is the first BP-operated asset in Angola, consisting of five distinct fields discovered between 1999 and 2001, in water depths of up to 1,450m.

Apart from Block 18, China Sonangol, together with many of the big names in the oil and gas industry, namely British Petroleum, Total, ExxonMobil, Petrobas, Sonangol E.P. etc., has interests in 8 other oil blocks in Angola and 1 onshore oil block in Indonesia.

List of Projects

Upstream Oil & Gas Projects

  • Angola Offshore Block 3/05

    Offshore development oil block comprising 7 oil fields with 14 platforms, 1 terminal and mooring pile.
  • Angola Offshore Block 3/05A

    Offshore exploration oil block with first oil revenue from Caco & Gazela and Punja areas expected in 2014 and 2015 respectively.
  • Angola Offshore Block 15/06

    Deep water exploration oil block with first oil revenue from Western hub early part of 2014.
  • Angola Offshore Block 17/06

    Deep water exploration oil block with 4 exploration wells declared viable for commercial discovery.
  • Angola Offshore Block 18/06

    Deep water exploration oil block with discovery of high quality oil.
  • Angola Offshore Block 18

    Discovered between 1999 to 2001, this is the first British Petroleum operated asset in Angola. It has total estimated reserves of about 750 million barrels, making it one of the biggest oil block off Angola's coast.
  • Angola Offshore Block 31

    Ultra-deep water oil block located in the Lower Congo Basin in Angola.
  • Angola Offshore Block 32

    Ultra-deep water oil block with first oil revenue expected in 2016.
  • Angola Onshore Cabinda North Block

    Onshore exploration oil block with first oil revenue expected in 2015.
  • Indonesia Onshore Cepu Block

    Onshore oil block located on Java Island; Indonesia.

Downstream Oil & Gas Projects

  • Oil Trading

    China Sonangol as an investor in the oil and gas industry has a share in the oil produced with the oil block operator like British Petroleum, Total, ExxonMobil, Petrobas etc. The company is a major business partner of Sonangol E.P. and Sinopec. Our oil trading activities include monitoring of crude oil supply position and developing market intelligence required to negotiate the best price for a single cargo.