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Angola: M&P takes Ajoco stakes

France’s Maurel & Prom has entered Angola with the acquisition of 20% of blocks 3/05 and 3/05A previously owned by Mitsubishi subsidiary Angola Japan Oil Company Ltd (Ajoco). The licences are two producing and development blocks in shallow water operated by Sonatrach. The Angolan government published an official decree recognising the transfer on 4 June and the acquisition was finalised at the end of July.

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