The Angolan National Oil, Gas and Biofuels Agency (ANPG) has announced that it will hold an international tender for the award of nine (9) blocks for new oil concessions later this year.

Three (3) of the blocks are in the Terrestrial Basin of the Lower Congo and six (6) are in the Terrestrial Basin of the Kwanza. The round officially opens on April 30^th 2021, and the deadline for the submission of proposals is June 9^th 2021, in compliance with the 40 days provided for by law. The opening ceremony for proposals will be on June 10^th 2021.

The bid round is taking place under Law no. 10/04, of 12 November (Law of Petroleum Activities, amended by Law no. 5/19, of 18 April) and the mentioned Presidential Decree No. 86/18.

The sale focuses on Blocks CON1, CON5 and CON6, of the Terrestrial Basin of the Lower Congo, and Blocks KON5, KON6, KON8, KON9, KON17 and KON20, of the Terrestrial Basin of Kwanza.

The Chairman of the Board of Directors of ANPG, Paulion Jerónimo said, “[the sale] has a mandatory condition of participation the payment of an Entry Fee (Entry Free) in the amount of $1,000,000.00 (One Million United States Dollars), which will allow access to the Data Packages related to the basins to bid.”

“This 2020 bid aims to relaunch the exploration and production of hydrocarbons in the terrestrial areas of the referred basins, to decrease the decline in production, by increasing the exploration and discovery of new resources, to stimulate the local creation of small and medium oil companies, to promote the incorporation of qualified Angolan labour, as well as fostering technological innovation and good governance practices.”

“[The bid round is] to acquire the status of associate of the national concessionaire and to contract goods and services in the oil sector.”

“The National Concessionaire will communicate in due time the date and location of the technical presentations (roadshows), through an advertisement on the ANPG portal, and in the national and international media.”