The National Agency of Petroleum, Gas and Biofuels (ANPG) have disclosed the agency preparedness in launching the country next onshore licensing bid round  this month end. The agency in its capacity as National Concessionaire and holder of mining rights for prospecting, research, evaluation, development and production of liquid and gaseous hydrocarbons throughout Angola, has recently brought information to general knowledge.

According to ANGP, on September 30, 2023, it will proceed with the Launch of the Tender for the Attribution of Petroleum Concessions of Bidding 2023 for the petroleum exploration of the Onshore Basins of the Lower Congo and the Kwanza and these basins bidding will be open to both national and foreign entities and the deadline for submitting proposals is November 4, 2023.

In compliance with the 40 days after the official launch of the tender, under the terms of the legislation in force. It should be noted that the tender takes place under Law No. 10/04, of November 12 (Petroleum Activities Law, amended by Law n.º 5/19, of April 18) and Presidential Decree No. 86/18, of April 2 (rules and procedures for tenders for acquiring the status of Associate of the National Concessionaire).

12 (twelve) oil blocks will be put up for tender, 4 (four) located in the Onshore Basin of the Lower Congo ( CON 2, CON 3, CON 7 and CON 8 ) and the other 8 (eight) in the Onshore Kwanza Basin ( KON 1, KON 3, KON 7, KON 10, KON 13, KON 14, KON 15 and KON 19 ). The estimated potential of the blocks described (STOOIP) is 1 560 MMBO for the Lower Congo Basin and 5 440 MMBO for the Kwanza Basin.

Tender 2023 aims to:

(i) relaunch the exploration and production of hydrocarbons in onshore areas, 

(ii) reassess the existing oil potential in the said basins

(iii) mitigate the decline in production, by increasing exploration activity and discovering new resources and

(iv) encourage the participation of small and medium oil companies, as well as 

(v) promote technological innovation and good governance practices.

At the appropriate time, the National Concessionaire will hold sessions to share information on the oil potential of the blocks and on the legal and contractual framework, the date and place/platform of which will be announced on the website www.anpg.co.ao and in the media.