Africa

Angolan National Oil, Gas and Biofuels Agency (ANPG) opens Congo and Kwanza blocks as part of ongoing bidding cycle

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Angolan National Oil, Gas and Biofuels Agency (ANPG) opens Congo and Kwanza blocks as part of ongoing bidding cycle

The Angolan National Oil, Gas and Biofuels Agency (ANPG) has officially opened licensing blocks in the Bas-Congo onshore basin and the Kwanza onshore basin as part of its petroleum licensing cycle and gas 2020. This latest call for tenders is part of the agency’s current 2019-2025 hydrocarbon licensing strategy.

The blocks of the Bas-Congo coastal basin include CON1, CON5 and CON6; while the blocks of the onshore Kwanza basin include KON5, KON6, KON8, KON9, KON17 and KON20.

The current bid cycle is a manifestation of Angola‘s strategy for the continued award of 2019-2025 oil concessions which was approved and codified by Presidential Decree no. 52/19, of February 18, 2019.

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

For auction rules and procedures, please click here (https://bit.ly/3h6Q07v).

Short Link: https://wp.me/pcj2iU-3zrx

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