Sonangol's Assets to be privatized

Sonangol has announced a new public tender, this time for the sale of equity stakes in 9 of its subsidiaries. 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).