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Angola announces winners of public tender for 12 onshore oil blocks

The National Oil, Gas, and Biofuels Agency (ANPG) of Angola has unveiled the results of its 2023 public tender for the bidding of 12 onshore oil blocks in the country’s Lower Congo and Kwanza basins. ANPG chose nine companies as operators (Etu Energias, Sonangol, Serinus Energy, Walcot Ltd, Acrep, Grupo Simples Oil, Intank Group, Transoceanic and ACE Energy) and five as non-operators (Sonangol, Grupo Simples Oil, Afentra, Enagol and Effimax Energy) according to an evaluation of the financial, technical capacity and suitability of the bidders.  Four contractor groups were then formed based on the evaluation’s final score to assign operators and non-operators to the blocks CON2, CON8, KON13 and KON19, while the rest of the blocks remain available for the formation of contracting groups due to a lack of operator or satisfactory proposals. 

In October 2023, the ANPG opened the public tender for the bidding of 12 onshore oil blocks, in line with the country's petroleum concession strategy for which it received 53 bids from 22 companies. Angola was the third largest oil-producing country in Africa in 2022 and it has proved oil and gas reserves of 1,061 Mt and 129 bcm respectively (2022).