The recently announced gas discovery in the offshore Kwanza basin has a number of hurdles to overcome, say oil and gas analysts. The recently announced gas discovery in Angola’s offshore Kwanza basin won’t be developed before the end of the next decade, Readul Islam said, a senior oil and gas analyst at Rystad Energy. Angolan state oil company Sonangol revealed the find at the end of June, stating that the discovery in Block 20/11 held an estimated 313 million barrels of condensate and 2.8 trillion cubic feet of gas . The reason for the delay in the development of this discovery is partially due to problems surrounding the ownership of the block in which the find is located, Islam said. The sale of Cobalt International Energy’s operated stake in Blocks 20 and 21 to Sonangol, for a total price of $1.75 billion, was originally announced Aug. 24, 2015. After […]