Angola to award 15 new concessions by year-end

THE National Oil, Gas & Biofuels Agency (ANPG) – Angola’s concession aire and regulator – announced that 15 new concessions will be awarded in Angola before the end of 2024.

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Speaking during the Angola Oil & Gas (AOG) 2024 pre-conference, the ANPG’s Director of Negotiations Hélder Iombo said that these additional licenses bring the total number of awarded blocks in the country to 47 since 2019.

Angola currently offers 30 block opportunities. The country concluded its 2023 tender in January 2024, securing 53 bids from a suite of companies, and is preparing to launch its next bid round in Q1, 2025.

To date, 32 concessions have been awarded since 2019, with more than 50 blocks expected to be licensed at the end of the country’s six-year licensing round next year.