Ver Angola

Energy

ANPG grants access to data on Kwanza and Lower Congo basins

The National Agency for Petroleum, Gas and Biofuels (ANPG) announced this Tuesday that it will grant those interested in participating in the bidding round for oil blocks, namely the Kwanza and Lower Congo basins, free access to the available data.

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According to a statement from ANPG, this consultation "will increase the transparency of the process", allowing qualified participants to have the confidence to start the process and secure agreements at the end of the process.

"This will significantly reduce the risk of companies entering the process with many uncertainties", underlines the concessionaire.

Interested companies must express their interest to ANPG by letter or e-mail, requesting a free data consultation session.

The current licensing round is in accordance with Presidential Decree 52/19, which provides for annual bidding rounds until 2025. The regulator intends to attract "medium-sized explorers to Angola's basins that have been prolific in recent years and have provided returns for companies far above industry averages elsewhere ".

The current round concerns six onshore licenses in the Kwanza Basin and three onshore licenses in the Lower Congo Basin.

ANPG adds that "the available data will provide a solid basis on which models will be built to understand the oil and gas potential of the blocks on offer".

The data packages "include the most relevant and essential information about the areas of interest" and help "potential explorers to prepare their proposals and their future strategy for the exploration and development of these concessions", they add.

Data packages include geological information, accessibility studies, maps, legal information, seismic data, etc.

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