NEWS

Angola’s state oil company Sonangol has opened a public tender to sell its shares in some private firms as part of the government’s plan to privatize key state assets, including parts of Sonangol by 2022.

The public tender involves the sale of equity stakes in 9 of its subsidiaries. Sonangol will sell 30% of its capital in oil and gas contractor Petromar, Sonadiets Ltd and Sonadiets Services SA, 51% in Sonatide Marine Ltd and Sonatide Marine Angola Ltd and 40% in Sonamet Industrial SA and Sonacergy Services and Construction Petroleum Ltd.

The state oil company will also sell a 33.3% stake in SBM Shipyard, a joint venture with Dutch-based SBM Offshore NV that provides floating production solutions to the offshore energy industry and 10% in Paenal, whose activities include building and engineering a fabrication yard.

Angola’s Minister of Mineral Resources and Petroleum, H.E. Diamantino Azevedo, said Sonangol would need to sell some of its shares in everything from hotels to aviation around the world before a 30% share sale in 2022.

Sonangol will decrease part of its ownership in 81 companies this year through a public tender, by auctioning six of those companies and three in an Initial Public Offering and, with 12 companies set to be privatized in 2021 and four in 2022.

Below are some details of the tenders:

PETROMAR LIMITADA

• Commercial Activity: Construction, installation and maintenance of offshore platforms and underwater structures, offshore cranes, deep water equipment and structures and oil and gas structures.
• Equity stake up for sale: 30%
• Deadline for Application: 30/05/2020, 17:00 hours (local time).
• Deadline for Submission of Proposals: 23/07/2020, 17:00 hours (local time).
• Deposit Required: 15,000 USD (or its exchange value in AOA, as per the applicable exchange rate of Banco Nacional de Angola - BNA).

SONATIDE MARINE, LIMITED

• Commercial Activity: Maritime support services for the oil industry.
• Equity stake up for sale: 51%
• Deadline for Application: 15/05/2020, 17:00 hours (local time).
• Deadline for Submission of Proposals: 15/06/2020, 17:00 hours (local time).
• Deposit Required: 15,000 USD (or its exchange value in AOA, as per the applicable exchange rate of BNA).

SONATIDE MARINE ANGOLA, LIMITADA

• Commercial Activity: Maritime support services for the oil industry.
• Equity stake up for sale: 51%
• Deadline for Application: 15/05/2020, 17:00 hours (local time).
• Deadline for Submission of Proposals: 15/06/2020, 17:00 hours (local time).
• Deposit Required: 15,000 USD (or its exchange value in AOA, as per the applicable exchange rate of BNA).

SONACERGY - SERVIÇOS DE CONSTRUÇÃO DE PETROLÍFERAS, LDA.

• Commercial Activity: Drilling, research, inspection, assistance, maintenance and repair of underwater structures and related services.
• Equity stake up for sale: 40%
• Deadline for Application: 30/05/2020, 17:00 hours (local time).
• Deadline for Submission of Proposals: 23/07/2020, 17:00 hours (local time).
• Deposit Required: 15,000 USD (or its exchange value in AOA, as per the applicable exchange rate of BNA).

SONAMET INDUSTRIAL, S.A.

• Commercial Activity: Metal structure production for the oil industry.
• Equity stake up for sale: 40%
• Deadline for Application: 30/05/2020, 17:00 hours (local time).
• Deadline for Submission of Proposals: 23/07/2020, 17:00 hours (local time).
• Deposit Required: 15,000 USD (or its exchange value in AOA, as per the applicable exchange rate of BNA).

SONADIETS, LIMITADA

• Commercial Activity: Technical assistance, maintenance and professional training in the oil industry.
• Equity stake up for sale: 30%
• Deadline for Application: 15/05/2020, 17:00 hours (local time).
• Deadline for Submission of Proposals: 15/06/2020, 17:00 hours (local time).
• Deposit Required: 15,000 USD (or its exchange value in AOA, as per the applicable exchange rate of BNA). 

SONADIETS SERVICES, S.A.

• Commercial Activity: Technical assistance, maintenance and professional training in the oil industry.
• Equity stake up for sale: 30%
• Deadline for Application: 15/05/2020, 17:00 hours (local time).
• Deadline for Submission of Proposals: 15/06/2020, 17:00 hours (local time).
• Deposit Required: 15,000 USD (or its exchange value in AOA, as per the applicable exchange rate of BNA). 

 PAENAL - PORTANBOIM ESTALEIROS NAVAIS, LDA

• Commercial Activity: Metalworking activities, such as ship construction for oil and natural gas industries, as well as off-shore platforms for drilling of oil wells.
• Equity stake up for sale: 10%
• Deadline for Application: 30/05/2020, 17:00 hours (local time).
• Deadline for Submission of Proposals: 23/07/2020, 17:00 hours (local time).
• Deposit Required: 15,000 USD (or its exchange value in AOA, as per the applicable exchange rate of BNA). 

SBM SHIP YARD, LTD

• Equity stake up for sale: 33,3%
• Deadline for Application: 30/05/2020, 17:00 hours (local time).
• Deadline for Submission of Proposals: 23/07/2020, 17:00 hours (local time).

Deposit Required: 15,000 USD (or its exchange value in AOA, as per the applicable exchange rate of BNA).