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13 Angolan companies content in the bidding for the basins of The Baixo Congo and The Kwanza

22nd July 2021

Angola Onshore Bid Round: a total of 16 companies have submitted investment proposals for the exploration of oil blocks in three sedimentary basins in the Lower Congo and nine in the Kwanza basin.

©ANPG

Luanda, 16 July 2021 – A total of 16 companies, of which 13 are Angolan and three foreign, have submitted investment proposals for the exploration of oil blocks in three sedimentary basins in the Lower Congo and nine in the Kwanza basin, as part of the bidding process 2020, at an opening ceremony held by the National Agency for Petroleum, Gas and Biofuels (ANPG), on the 12th of July.

The companies that formalized their interest are, namely, Monka Oil, Brightoil, Mineral One, PRODIAMAN, Alpha Petroleum, Sonangol P&P, MTI Energy, Tusker Energy, Somoil, AIS, PRODOIL, UPITE Oil Company, Simples Oil Group, Service Cab, Omega Risk Solution and Intank Group.

The competition's Jury was made up of Hermenegildo Buila (Director of Negotiations at ANPG, in the center of the photo), who presided over it, Carmen Canjungo (for the Ministry of Mineral Resources, Oil and Gas) and Airton Lucas (for the Ministry of Finance).

©ANPG

On the occasion, the Executive Director of ANPG, Natacha Massano , recalled that the tender is part of the 2019-2025 strategy for attributing oil concessions, approved by the Angolan Executive and that it aims, fundamentally, to increase knowledge of the country's geological potential and the increase in production reserves, with a view not only to creating wealth for the State, but also to ensure a fair return for investors.

“This bidding process has a very important meaning and constitutes a relevant milestone in the history of our oil industry. On the one hand, it intends to enable the resumption of research and production on land, and, on the other hand, it marks the entry of new players in this industry;
We believe that oil activity on land will have a different dynamic from what we are used to at sea, allowing greater local integration throughout its value chain and contributing more positively to economic growth and to improving the living conditions of our populations"
, noted Natacha Massano.

The tender jury carries out the evaluation of the technical quality of the proposals presented by the investors, which will be followed by the negotiation stage for the award of concessions.

©ANPG

It is recalled that ANPG, within the scope of the 2019-2025 strategy for the attribution of oil concessions, launched the Public Tender for the 2020 Tender for Blocks CON1, CON5 and CON6 (Low Congo Terrestrial Basin) and of Blocks KON5, KON6, KON8, KON9, KON17 and KON20 (Kwanza Land Basin). This launch included the publication of the terms of reference, the rules for the public tender and the application and proposal submission models, information also available on the Agency's website ( www.anpg.co.ao )


Source: ANPG (originally published on 16th July 2021)

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