Angola to hold tender for 12 new offshore oil blocks in 2015

LUANDA (Reuters) - Angolan state oil company Sonangol plans to launch a tender for licences to explore 12 new offshore oil blocks in 2015, state news agency Angop cited Oil Minister Jose Botelho de Vasconcelos as saying on Friday.

Seven of the new blocks will be located in the Namibe Basin and the remaining five in the Lower Congo Basin, a Sonangol spokesman told Reuters.