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Home Angola

Angola: ANPG opens Congo, Kwanza blocks in ongoing bid round

Energy Capital & Power by Energy Capital & Power
May 5, 2021
in Africa, Angola, Economy, Natural Resources, Oil
Reading Time: 1 min read
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BP production in Angola is in decline since 2017
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Angola’s National Oil, Gas and Biofuel’s Agency (ANPG) has officially opened blocks for licensing in the Onshore Lower Congo Basin and the Onshore Kwanza Basin as part of its 2020 oil and gas licensing round. This latest call to tender is part of the agency’s ongoing 2019-2025 hydrocarbons licensing strategy.

The Onshore Lower Congo Basin Blocks include CON1, CON5 and CON6; while the Onshore Kwanza Basin Blocks comprise KON5, KON6, KON8, KON9, KON17, and KON20.

The ongoing bid-round is a manifestation of Angola’s strategy for the continuous attribution of petroleum concessions 2019-2025 which was approved and codified by Presidential Decree no. 52/19, of 18 February 2019.

Also read: How Angola is planning to revive its oil industry, jumpstart economy

It aims to expand research and evaluation activities across sedimentary basins, increase geological knowledge of Angola’s hydrocarbon potential and invite a new wave of explorers to yield new discoveries.

For bidding rules and procedures please click here.

The Angolan Agency for Oil, Gas and Biofuels counts on Africa Oil & Power (AOP) – the continent’s leading energy investment platform – as a consultant. Please contact Joao@energycapitalpower.com for further information

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Via: Energy Capital & Power
Tags: AngolaAngola: ANPG opens Congo Kwanza blocks in ongoing bid roundANPGBid Roundcrude oilKwanza BasinLower Congo Basinoilpetroleumанголаأنغولاアンゴラ安哥拉
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Energy Capital & Power

Energy Capital & Power

Energy Capital & Power is the African continent’s leading investment platform for the energy sector. Through a series of events, online content and investment reports, we unite the entire energy value chain – from oil and gas exploration to renewable power – and facilitate global and intra-African investment and collaboration.

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