On the again of its multi-year licensing spherical launched in 2019, Angola is positioned to award 60 concessions by the tip of 2025. Talking at African Vitality Week, Alcides Andrade, Govt Administrator on the Nationwide Oil, Fuel & Biofuels Company (ANPG), defined that the nation has already reached its goal of awarding 50 concessions by its annual licensing drive and direct negotiation program and is now pursuing further licenses to drive manufacturing.
Alcides Andrade, Govt Administrator at ANPG
“Since 2024, we’ve got awarded greater than 20 blocks. This has amounted to greater than 50 blocks. We see the potential to award as much as 60 concessions by the tip of this yr. This has been a results of licensing rounds and direct negotiation,” he defined.
Backed by a six-year licensing technique and strengthened fiscal insurance policies, the ANPG is steering Angola into a brand new part of funding and progress. The regulator has positioned the nation as a prime African vacation spot for upstream spending, with $70 billion in capital expenditure anticipated over the subsequent 5 years.
“We’ve got acted to carry further reforms to incentivize funding in exploration. We’re working with the funding group to progress exploration onshore. There are a number of operators who’ve both drilled wells or working in direction of drilling subsequent yr. Over the subsequent 5 yr, Angola is anticipating to see as much as $70 billion invested within the nation,” Andrade acknowledged.
With a objective to maintain manufacturing above a million barrels per day, Angola has seen a wave of venture milestones in 2025 as operators transfer to maximise assets throughout offshore basins. Andrade shared that “Agogo, Begonia and CLOV Part 3 all began manufacturing this yr.”
In the meantime, on the gasoline entrance, ANPG is advancing the nation’s Fuel Grasp Plan to unlock non-associated reserves. The New Fuel Consortium is ready to carry Angola’s first non-associated gasoline venture – Quiluma and Maboqueiro – on-line in late-2025, laying the muse for a diversified vitality combine. A brand new discovery at Block 1/14 additional underscores the potential of Angola’s offshore gasoline assets, highlighting the rising significance of gasoline within the nation’s vitality future.
“We’ve got seen lots of progress on our first non-associated gasoline venture, set to ship first gasoline on the finish of the yr. We imagine that we’ve got greater than 38 trillion cubic toes of gasoline potential within the nation. We’ve got lots of research ongoing to guage that potential. We’re additionally delivering on related gasoline. There may be lots of potential in at present producing oil blocks, so we’re taking a look at how can incentivize operators to monetize that gasoline,” Andrade added.
Distributed by APO Group on behalf of African Vitality Chamber.
Prime picture credited to Chevron
