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How Will Red Sky Unlock Value from Angola’s Block 6/24 Oil Resources?
12:02pm on Thursday 4th of September, 2025 AEST
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Energy
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How Will Red Sky Unlock Value from Angola’s Block 6/24 Oil Resources?
12:02pm on Thursday 4th of September, 2025 AEST
Key Points
35% participating interest secured in Block 6/24 offshore Angola
Independent assessment confirms 5.1 million barrels contingent and 11 million barrels prospective resources
Heavy crude oil at Cegonha field deemed commercially viable
Joint venture with Sonangol E&P (50%) and ACREP (15%) moves to operational phase
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