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ANGOLA CONCLUDES 2023 LICENSE BID ROUND, SELECTS PREFERED BIDDERS

The National Agency of Petroleum, Gas and Biofuels (ANPG) have finally disclosed the selected preferred bidders of the country 2023 onshore licensing bid round. 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 and acting as National Concessionaire, under the terms of Presidential Decree No. 86/18, of April 2, makes public the result of the Public Tender for the Lower Congo and Kwanza Onshore Basins, open to national or foreign entities, which resulted in the qualification of companies and the formation of the Contractor Groups below.

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.

QUALIFICATION OF COMPANIES

The process was based on the evaluation of the Requirements for acquiring the status of Associate of the National Concessionaire, namely Operator (financial, technical capacity and suitability) and Non-Operator (financial capacity and suitability), established in Articles 4 and 5 of DP no. 86/18 as indicated in the table below:

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