South Korean company Daewoo Shipbuilding and Marine Engineering has revealed that it is building two oil rigs for Angolan state oil company Sociedade Nacional de Combustíveis de Angola (Sonangol).

Speaking at an oil conference in the Angolan capital, a Sonangol official was quoted by Macauhub News Agency as saying that the rigs would be able to operate in Angola and anywhere in the world where Sonangol has interests.”

Engineer Paulo Fernandes declined to say how much the rigs would cost, but did add that they would start operating in 2016.

He also noted that Sonangol was analysing construction of a logistics base in the south of Angola, possibly in Lobito, where a refinery was under construction with capacity to process 200,000 barrels of oil per day.

Sonangol operates in Brazil, Gabon and Iraq, as well as having stakes in blocks in Angola. In February Sonangol officials said that the company planned to invest US$8.8 billion in oil prospecting over the next ten years.

Source: Macauhub News Agency. For more information, click here.

Picture: An oil platform operating off the Angolan coast ‒ Sonangol is having two such rigs built by South Korean company Daewoo Shipbuilding and Marine  Engineering.