Afentra CEO Paul McDade said the company was committed to working in Angola. The next step involves negotiating licences with ANPG.
Agência Nacional de Petróleo Gás e Biocombustíveis (ANPG)
“Blocks 46 and 47 have never been explored before and represent a new frontier exploration area that can be a game changer for our company and the country’s energy industry."
“This proves that we are indeed committed to getting the oil sector working, at all levels,” said Jerónimo.
Under the agreement, the companies will drill one exploration well in the initial five-year exploration period.
Angola’s regulator is focused on attracting investment into the upstream, putting a particular focus on new investment from medium and small companies, according to a recent presentation.
ExxonMobil could invest $15 billion through 2030 if it makes commercial oil discoveries in the Namibe Basin, Paulino Jeronimo, chairman for the Angola National Agency for Petroleum, Gas and Biofuels, said in Luanda.
TotalEnergies has taken a final investment decision (FID) on Begonia, a field in Angola’s Block 17/06.
A group of foreign investors in Angola have taken the final investment decision (FID) on the New Gas Consortium, paving the way for more gas deliveries to the Angola LNG plant.
TotalEnergies and its partners on Angola’s Block 17 have taken the final investment decision (FID) on the $850 million CLOV Phase 3 development.
Angola is determined to increase energy production and, judging from the wave of independents signed up to take on Sonangol stakes, seems well positioned.
Protests have disrupted the gala dinner at the Africa Energies Summit, with a group of Extinction Rebellion activists attaching themselves to Gordon Ramsay’s Heddon Street restaurant.
VFuels is making progress with its Cabinda refinery work at facilities in Houston, with equipment passing its factory acceptance testing (FAT).
Eni, Equinor and TotalEnergies have submitted bids for two blocks in the Lower Congo Basin, ignoring more frontier areas in the Kwanza Basin.
TotalEnergies has started up CLOV phase 2, offshore Angola, marking the second field to come onstream in a week.
Angola has announced the contractor groups for its onshore bid round, as it moves towards new awards.
Angola’s Somaoil has contracted the Falcon 1000HP rig to carry out drilling onshore, with the aim of ramping up production by 30% by 2024.
Angola has received bids for all nine of its onshore blocks up for grabs in its 2020 licensing round, in the Lower Congo and Kwanza basins.
Eni and Sonangol has signed production-sharing contracts (PSCs) for Blocks 27 and 28 with the Angolan regulator.
London-listed Wildcat Petroleum has set out plans to focus on Angola initially, with a secondary exploration drive in Namibia.
Total has begun production at its Zinia phase 2 project, on Angola’s Block 17.
Angola has invited companies to study secondary recovery methods in a bid to maintain production.
Angola's Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG) has defended its work to assess hydrocarbon potential onshore.
Edinburgh-based Belltree has won work to assist Angola’s oil industry regulator in assessing field performance.