EnergyWatch

Oil giants laid large sums into dubious Angolan research center

Equinor, BP, Total, Repsol, ConocoPhillips and Eni have all invested substantial figures into a research center in Angola, which several observers doubt will ever materialize.

Arkivfoto af olieplatform i Californien. | Photo: Colourbox

When Equinor, BP, Total, Repsol, ConocoPhillips and Eni were allocated Angolan licenses in 2011, the deal's conditions required the groups to invest capital into a research center on behalf of the local state-owned company, Sonangol.

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