The National Agency of Petroleum, Gas and Biofuels (ANPG) and Azule Energy, in partnership with Equinor, today signed a Production Sharing Agreement (PSA) for Block 31/21. The agreement, which results from the 2021/2022 Limited Offshore Licensing Round, is a significant stride towards advancing exploration in the Lower Congo Basin.  The block, which will be operated […]

Azule Energy has awarded Aker Solutions a fresh major contract to provide subsea umbilicals for the Ndungu project in Angola. The contract which includes delivery of eight infield umbilicals including spares totalling over 25 kilometers in length according to Aker Solutions is quite a sizeable contract and will cost between NOK 0.5 billion and NOK 1.5 […]

Corcel, the extractive industries exploration and development company, with interests across battery metals and oil and gas, has announced that it has signed its first oil and gas acquisition with the purchase of a 90% interest in Atlas Petroleum Exploration Worldwide Limited (“APEX”), that has working interests in several historically producing oil assets in the […]

Afentra confirms that an Executive Decree to formally approve the period of the Block 3/05 licence extension, extending the production sharing agreement (‘PSA’) to 31 December 2040, has been published in the Diário da República. The recent agreement between the Block 3/05 JV partners and ANPG (the Angolan Oil & Gas regulator) on the licence […]

Angola has indicated readiness to contribute to the development of the oil sector in Namibia. The National Agency for Petroleum, Gas and Biofuels (ANPG) recently signed a Memorandum of Understanding (MoU) with its counterpart in the Republic of Namibia, Directorate of Petroleum Affairs (DPA in English, Directorum of Petroleum Affairs), during the international conference called NIEC (Namibia […]

Integrated solutions specialists EnerMech has strengthened its footprint in the LNG market after securing four contracts with Angola LNG Limited (ALNG). As a result, the business has completed a recruitment drive to secure a significant number of Angolan nationals to support across the projects. The business will deliver an extensive three-year general maintenance contract to […]

Afentra has announced completion of the acquisition from INA-Industrija d.d. (‘INA’) of a 4% interest in Block 3/05 and 4% interest(1) in Block 3/05A offshore Angola (the ‘INA Acquisition’) pursuant to a sale and purchase agreement between INA and Afentra’s wholly owned subsidiary, Afentra (Angola) Ltd, dated 18 July 2022 (‘SPA’). This acquisition marks Afentra’s […]

PGS, a leading supplier of offshore geophysical services for Angola, has released a new Angola Central Basin Time screening dataset, offering the opportunity to evaluate open acreage for proven pre- and post-salt plays in readiness for the 2025 licensing round. Recent legislative changes now incentivize gas and marginal field developments, providing further reasons to evaluate […]

Afentra has disclosed that having received the necessary approvals from the regulator and contractor group members to the formal transfer documentation ahead of the 17 April 2023 long stop date, Afentra have agreed with INA to proceed to completion whilst they await receipt of outstanding signatures to this documentation. The company look forward to updating […]

The National Agency of Petroleum, Gas and Biofuels (ANPG) and the Contractor Group of Block 15, operated by ExxonMobil Angola, announce the achievement of the milestone of 2.5 billion barrels of cumulative oil production in Block 15, since the First Production from FPSO Xikomba, 20 years ago. Block 15 is located approximately 145 kilometers west of the […]