12 °c
London
Monday, March 27, 2023
No Result
View All Result
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Africa

Angola oil reform receives market praise

Staff by Staff
September 1, 2020
in Africa, Angola, Gas, Governance, Legislation, Oil, Tender
Reading Time: 2 mins read
783 50
0
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

Angola is making progress with the ongoing reform plans in the oil sector, having launched tenders for works, at the same time that the operator Total is moving towards the restart of offshore drilling (oil exploration at sea).

According to the State-run newspaper “Jornal de Angola”, in its today edition, the assessment, recently published on the Internet, is from the prestigious platform for analysis and studies on the oil sector, Africa Oil and Power.

The publication referred to the opening by National Agency of Petroleum, Gas and Biofuels (ANPG), last week, of a public tender for the expansion of the national repository of exploration and production data.

The work will last for 12 months, with the deadline for registration set for September 18th.

On the other hand, the source said, ANPG also launched a tender for consultancy services in order to identify and improve mature fields. The same will be executed in six months with bids until September 21st.

For both cases, the first competition is limited to the participation of national companies, but, in the second, foreign companies can compete in the same way.

Meanwhile, in mid-August, ANPG launched a public notice for environmental inspection works. This work will have a duration of 12 months and the deadline for bids is September 11, according to the data made available.

Also read: Angola to join oil and extractives transparency group

The production forecast for the country was also released, whose average this year should be slightly below 1.4 million barrels /day.

Production will fall below 1 million bpd in 2025, according to the regulator. The forecast is based on existing production and does not include new developments.

Drilling projects

The publication by Africa Oil and Power mentions the director of Total in Angola, Olivier Jouny, as saying that the Skyros platform is back in operation at Block 32.

Maersk Voyager will resume work at the end of August, having already left Luanda, according to the official. The company is the first to resume work in West Africa.
Also according to Olivier Jouny, Total is focused on development wells in the short term and will avoid exploration wells that were planned for execution in 2020-21. To this end, the source considers developing Begónia, in Block 17/06, and Chissonga, in Block 16. These would come beyond the Cameia and Golfinho fields, acquired from Sonangol at the end of 2019.

Onshore options

Earlier this month, the National Agency for Petroleum, Gas and Biofuels (ANPG) carried out a transmission through which it established plans for onshore tenders (onshore oil exploration) in the basins of the Lower Congo and Kwanza. It is estimated that the regulator starts the licensing process in the fourth quarter of the year.

Source: Angop

Related

Tags: Africa Oil and PowerAngolaAngola oil reform receives market praiseANPGcrude oilLegal reformsMaersk VoyagerNational Agency for Petroleum Gas and BiofuelsoilonshoreSonangolанголаأنغولاアンゴラ安哥拉
ScanSendShare333Tweet208Share58Pin75Send
Staff

Staff

Related Posts

Nigeria needs currency reform for US$1.5B World Bank loan, country director says
Economy

World Bank VP reaffirms support for Ethiopia’s economic reform

by FurtherAfrica
March 27, 2023
Finance

Angola Central Bank changes interest rate

by FurtherAfrica
March 27, 2023
Mozambique announce ambitious climate and security plan at the UN
Climate

Mozambique announce ambitious climate and security plan at the UN

by Elizabeth Khumalo
March 27, 2023
Africa

Rwanda horticulture industry leaders project over 600% increase in avocado export

by Farmers Review Africa
March 27, 2023
Finance

AfDB approves US$30M trade & SME finance facility for Kenya’s Family Bank

by Fabio Scala
March 27, 2023
Platform Africa 2023
 
Mozambique eVisa
 
MozParks
 

Translate this page

Read the Latest

Nigeria needs currency reform for US$1.5B World Bank loan, country director says
Economy

World Bank VP reaffirms support for Ethiopia’s economic reform

by FurtherAfrica
March 27, 2023
0

World Bank Vice President for Eastern and Southern Africa Victoria Kwakwa held discussions with finance minister Ahmed Shide as she...

Read more

Angola Central Bank changes interest rate

March 27, 2023
Mozambique announce ambitious climate and security plan at the UN

Mozambique announce ambitious climate and security plan at the UN

March 27, 2023

Rwanda horticulture industry leaders project over 600% increase in avocado export

March 27, 2023

AfDB approves US$30M trade & SME finance facility for Kenya’s Family Bank

March 27, 2023

FurtherAfrica Partners Network

The Exchange Club of Mozambique Taarifa Rwanda
TechGist Africa Africa Oil & Power Farmers Review Africa
Tanzania Invest Zambia Invest See Africa Today
Africa Global Funds Novafrica CrudeMix Africa
Harambee Africa Botswana unplugged Financial Insights Zambia
O Económico Digilogic Africa Web3Africa

Subscribe to FurtherAfrica

Enter your email address to receive new articles on your email.

Join 100,043 other subscribers.
FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

© 2021 FurtherMarkets

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?