Promotional announcement for Petroleum Concessions

Source Company Press Release
Company Unspecified
Tags Country: Angola, M&A: Licensing Round, Upstream: Upstream News
Date May 28, 2020

The National Agency of Petroleum, Gas and Biofuels (ANPG), as a national concessionaire and holder of mining rights for the prospecting, research, evaluation, development and production of liquid and gaseous hydrocarbons throughout the Angolan territory, informs all companies that the Data Pack for blocks for oil exploration in the Terrestrial Basins of the Lower Congo ( CON1, CON5 and CON6 ) and the Kwanza (KON5, KON6, KON8, KON9, KON17 and KON20) is available .

The entities that intend to consult the data of the aforementioned and other available basins, as well as participating in a Data Show Room to be carried out by the national concessionaire, should express their interest through the email [email protected].

ANPG also informs that, according to the Schedule of Activities for the 2020 Bidding Process , all conditions were created so that by the end of May the announcement of the intention to launch the public tender was made, pursuant to Presidential Decree No. 86/18, of 02 April. However, due to the current economic constraints caused by the pandemic of COVID-19, this date may undergo minor adjustments.

It is important, however, to emphasize that despite the adverse situation, the objectives of previously scheduled bids have not changed. The need to boost and continue petroleum operations in the country remains valid, with emphasis on exploration activities.

The national concessionaire will, in due course, publish information on the evolution of the process on its aforementioned portal and in the national and international media, as well as the announcement of the intention to launch the public tender, pursuant to Presidential Decree No. 86/18 , of April 2nd.

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