The National Oil, Gas and Biofuels Agency, as a national concessionaire, has announced its intention to hold an international tender for the award of new oil concessions in Angola on April 30, 2021.There are nine blocks that are going to tender: three in the Terrestrial Basin of Lower Congo and six in the Terrestrial Basin of Kwanza. The pre-announcement was published on December 31, in the Jornal de Angola and in the Wall Street Journal, and the contest advances 120 days from the above date.
The new contest, which focuses on Blocks CON1, CON5 and CON6, of the Terrestrial Basin of the Lower Congo, and Blocks KON5, KON6, KON8, KON9, KON17 and KON20, of the Terrestrial Basin of Kwanza, has a mandatory condition of participation. The payment of an Entry Fee (Entry Free) in the amount of USD 1,000,000.00 (One Million United States Dollars), will allow access to the Data Packages related to the basins to bid, while the deadline for the submission of proposals runs until June 9, 2021in compliance with the 40 days provided for by law, and the opening ceremony for proposals will take place on June 10, 2021.
“This 2020 bid aims to prelaunch the exploration and production of hydrocarbons in the terrestrial areas of the referred basins, to decrease the decline in production, by increasing the exploration and discovery of new resources, to stimulate the local creation of small and medium oil companies, to promote the incorporation of qualified Angolan labor, as well as fostering technological innovation and good governance practices, “ Paulino Jerónimo, Chairman of the Board of Directors of ANPG
The PCA recalls that “the contest takes place under Law no. 10/04, of 12 November (Law of Petroleum Activities, amended by Law no. 5/19, of 18 April) and the aforementioned Presidential Decree No. 86/18, to acquire the status of associate of the national concessionaire and to contract goods and services in the oil sector”.
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