Project Welwitschia: Potential Investment Opportunity, Upstream Angola

Naftna Industrija Srbije (or NIS) j.s.c. is screening the market for potential divestment of 4% of total participating interest in Block 3/05 producing block (“The Block”) located in Angola.  Block 3/05 is located in shallow waters (with depth of 45 to 102 meters) in the Lower Congo Basin and is operated by Sonangol P&P. Block 3/05 consists of eight mature producing fields: Bufalo, Cobo, Impala, Impala SE, Oombo, Pacassa, Palanca and Pambi. If you are interested to investigate this opportunity further please contact us at: 1) Nebojsa Miletic, email: , phone: +381 64 888 4248 and 2) Andreja Popov, e mail: , phone: +381 64 888 6149.   Upon signing the NDA we will make available more details that will enable you to evaluate this opportunity. Note that tentatively NIS is expecting to receive letters of intent from interested parties until 17:00 (Central European Time) on 6th of November 2023.