On the again of its multi-year licensing spherical launched in 2019, Angola is positioned to award 60 concessions by the top of 2025. Talking at African Power Week, Alcides Andrade, Government Administrator on the Nationwide Oil, Fuel & Biofuels Company (ANPG), defined that the nation has already reached its goal of awarding 50 concessions by means of its annual licensing drive and direct negotiation program and is now pursuing extra licenses to drive manufacturing.
Alcides Andrade, Government Administrator at ANPG
“Since 2024, we’ve got awarded greater than 20 blocks. This has amounted to greater than 50 blocks. We see the potential to award as much as 60 concessions by the top of this yr. This has been a results of licensing rounds and direct negotiation,” he defined.
Backed by a six-year licensing technique and strengthened fiscal insurance policies, the ANPG is steering Angola into a brand new part of funding and development. The regulator has positioned the nation as a prime African vacation spot for upstream spending, with $70 billion in capital expenditure anticipated over the following 5 years.
“We now have acted to convey extra reforms to incentivize funding in exploration. We’re working with the funding group to progress exploration onshore. There are a number of operators who’ve both drilled wells or working in the direction of drilling subsequent yr. Over the following 5 yr, Angola is anticipating to see as much as $70 billion invested within the nation,” Andrade acknowledged.
With a purpose to maintain manufacturing above a million barrels per day, Angola has seen a wave of challenge milestones in 2025 as operators transfer to maximise assets throughout offshore basins. Andrade shared that “Agogo, Begonia and CLOV Part 3 all began manufacturing this yr.”
In the meantime, on the fuel entrance, ANPG is advancing the nation’s Fuel Grasp Plan to unlock non-associated reserves. The New Fuel Consortium is ready to convey Angola’s first non-associated fuel challenge – Quiluma and Maboqueiro – on-line in late-2025, laying the muse for a diversified vitality combine. A brand new discovery at Block 1/14 additional underscores the potential of Angola’s offshore fuel assets, highlighting the rising significance of fuel within the nation’s vitality future.
“We now have seen a number of progress on our first non-associated fuel challenge, set to ship first fuel on the finish of the yr. We consider that we’ve got greater than 38 trillion cubic ft of fuel potential within the nation. We now have a number of research ongoing to judge that potential. We’re additionally delivering on related fuel. There may be a number of potential in presently producing oil blocks, so we’re how can incentivize operators to monetize that fuel,” Andrade added.
Distributed by APO Group on behalf of African Power Chamber.
High picture credited to Chevron
