Angola: Soco sells last African asset

Soco International announced on 2 July that it had entered into a sale and purchase agreement with Quill Trading Corporation and WMLC Resources Limited to sell its shareholding in SOCO Cabinda Limited for up to $5m in cash.Soco’s 85%-owned subsidiary Soco Cabinda holds a 22%, non-operating, working interest in the production-sharing contract for the onshore Cabinda North Block.