ANPG opens Congo, Kwanza Blocks in ongoing bid round 5/4/2021
Angolaâs National Oil, Gas and Biofuelâs Agency (ANPG) has officially opened blocks for licensing in the Onshore Lower Congo Basin and the Onshore Kwanza Basin as part of its 2020 oil and gas licensing round. This latest call to tender is part of the agency s ongoing 2019-2025 hydrocarbons licensing strategy.
This latest call to tender is part of the agency s ongoing 2019-2025 hydrocarbons licensing strategy.
The Onshore Lower Congo Basin Blocks include CON1, CON5 and CON6; while the Onshore Kwanza Basin Blocks comprise KON5, KON6, KON8, KON9, KON17, and KON20.
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Nigeria and other African nations are becoming a major investment magnet as new discoveries position the continent as a guarantor of energy security to emerging Asian nations, a report by the Journal of Petroleum Technology (JPT) has indicated.
Quoting secondary sources, it stated that Africa accounted for 8.8 per cent of the worldâs oil production in 2019, while Nigeria was Africaâs top oil producer at 2.2 per cent; Algeria was next at 1.6 per cent; then Angola, 1.5 per cent while Libyaâs production was 1.3 per cent.
The report released recently, indicated that Africa contributed 6 per cent to the worldâs natural gas production in 2019, with Algeria ranking as the continentâs top gas producer at a global share of 2.2 per cent followed by Egypt, 1.6 per cent, and Nigeria, 1.2 per cent.
Angola s National Oil, Gas and Biofuel s Agency (ANPG) has outlined its timetable for the evaluation of its ongoing 2020 bid round, as interest in the acreage on offer continues to grow.
In line with its statutory duties as national concessionaire in charge of the attribution of petroleum exploration blocks, the ANPG has sought to adjust its processes to remain competitive in the current market environment, which is dominated by concerns around COVID-19, long-term demand considerations and stiff competition from new and promising frontiers like Guyana and Suriname.
The ongoing bid-round is a manifestation of Angola s strategy for the continuous attribution of petroleum concessions 2019-2025 which was approved and codified by Presidential Decree no. 52/19, of 18 February 2019.
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