Angola seeks oil exploration investors

Angola, which boasts some of the world’s hottest oil exploration territory, is seeking international investors for deep and shallow water acreage in a new-style licensing round, officials say.

The country is sub-Saharan Africa’s second-largest oil producer after Nigeria.

The acreage on offer contains potential reserves of an estimated 6.2 billion barrels, including light and heavy oil.

The figure could be as high as 10.4 billion barrels, officials at state oil firm Sonangol said on Monday.

Al Jazeera