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The executive director also announced that at the beginning of the last quarter of this year, the National Oil, Gas and Biofuels Agency will launch a new bidding round.
Angola’s National Oil, Gas and Biofuels Agency (ANPG) has already awarded more than 40 new concessions in various oil blocks, with that number expected to reach 50 by the end of the year, said its executive director, Alcides Andrade, on Monday, the 7th.
The statement was made at the end of the formal signing ceremony of the Production Sharing Contracts (PSCs) for Blocks CON3 and KON15, with companies Walcot, Sonangol Exploration & Production, and Afentra.
The executive director also announced that at the beginning of the last quarter of this year, the National Oil, Gas and Biofuels Agency will launch a new bidding process.
“Through these actions, ANPG seeks to create the best possible investment conditions so that Angola remains a preferred destination in this sector,” emphasized Alcides Andrade.
He highlighted that the goal is not only to continue awarding new concessions, but to ensure that concrete activities take place so that the oil blocks can deliver results and generate benefits for the country and society.
“Our focus has been on creating conditions to remain competitive and attractive to oil sector investment,” he reiterated, noting that four bidding rounds have been carried out in the last five years.
Angola’s National Oil, Gas and Biofuels Agency (ANPG) officially launched in September 2023 the Licensing Round for 12 onshore oil blocks in the Lower Congo and Kwanza Basins.
The bidding round is part of the 2019–2025 concession award strategy, aimed at countering the decline in oil production the country has been facing in recent years.
