Ver Angola


Signing of contracts between ANPG and oil companies brings new players to the oil sector

Two contracts aimed at directly granting oil blocks in the Onshore Kwanza Basin were signed this Thursday by the National Agency for Petroleum, Gas and Biofuels (ANPG) and oil companies, in an action that marks the introduction of new 'players' in the country's market.


The documents now signed form part of a universe of four contracts foreseen for the direct granting of oil blocks in the said basin, involving the following blocks: KON 2, KON 11, KON 12 and KON 16. According to Angop, the documents signed this Thursday concern blocks KON 2 and KON 11, while the remaining two contracts – referring to blocks KON 12 and KON 16 – will be signed this Friday (May 26).

Thus, with the signing of the contract for block KON 2, the American multinationals Intank Group, Brite's Oil and Gas, as well as the Canadian MTI Energy and other national companies, enter the market for the first time, writes Angop.

While KON 11 – in which the state oil company Sonangol is the operator – has Brite's and Atlas Group, Simples Oil and Gas and Omega Risk Solutions.

The aforementioned companies are also involved in the blocks whose contracts will only be initialed on Friday: the KON 12 block consortium will be made up of Sonangol, MTI Energy, Atlas Group and Omega Risk and Solution, while KON 16 will have with the companies Atlas Group, Intank Group, MTI Energy and Brite's, writes Angop.

Paulino Jerónimo, chairman of the Board of Directors of ANPG, did not specify the potential of the blocks, considering only "good".

In addition, cited by Angop, he explained that there are possibilities for the blocks to start production, given that there are blocks that were left due to lack of infrastructure and not production until exhaustion. This is because, it should be remembered, that some of these blocks have already produced, by the hands of the oil company Fina, however between 1997 and 1998 they were left because of damage to the infrastructures.

He also added that the process that will lead to a new oil bidding process later this year, which is scheduled to start on 1 September, is already underway.

It should be noted that the concession of onshore blocks is part of ANPG's strategy to mitigate the decrease in production (currently at 1.1 million barrels per day). According to Angop, this strategy, which saw the 'green light' in 2019, foresees licensing 55 new concessions, half of which have already been granted.


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