#Angola #Country Updates #News #Upstream Exploration & Production

Angola’s Petroleum Agency Launches Video Exposé On Licensing Round Exploration Potential

To promote Angola’s current oil and gas licensing round that features nine highly-prospective onshore blocks, the National Agency of Oil, Gas and Biofuels (ANPG) has published a video showcasing the technical profile of the onshore blocks currently on offer to investors.

This initiative follows a technical presentations that took place in Luanda on the April 12 and will be followed by a webinar where foreign investors will be able to address the agency directly with questions and queries.

The 2020/2021 licensing round – which will be launched on April 30 and will conclude onJune 9 – features six licenses in the onshore Kwanza Basin (KON 5, 6, 8, 9 17 and 20) and three licenses in the onshore Lower Congo Basin (CON 1, 5 and 6).

Interested companies are encouraged to seek one-on-one meetings with the agency to discuss their participation in further detail. Meetings can be booked either via email at licitacoes@anpg.co.ao or via phone on +244 931 793 204

The bid round has already attracted global interest due to the significant upside potential that characterizes Angola’s onshore acreage – early exploration activities which have yielded approximately 13 commercial-sized oil discoveries. Onshore playsrepresent a geological extension of more established, offshore petroleum systems that have accorded Angola the fourth-largest proven oil reserves on the continent. 

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Source: AfricaOilaqndPower

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