Insight
Indigenous players dominate Angola’s onshore licensing round
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
On 22 January 2024, Angola’s Agencia Nacional de Petroleo, Gas e Biocombustiveis (ANPG) announced the results of its 2023 onshore licensing round. With 53 bids submitted, four of the twelve offered blocks have been awarded. Three other blocks were partially awarded. The list of licence winners embodies the increasingly diverse corporate landscape in Angola’s upstream sector. Indigenous companies feature heavily. Etu Energias, ACREP and Sonangol P&P are the Angolan companies named as operators, while Grupo Simples Oil and Enagol have been awarded non-operated stakes.
Table of contents
- Licensing round receives strong interest
- ANPG seeks to boost activity at under-explored acreage
- Bid parameters and evaluation
- Fiscal incentives
- PSC negotiations for the winners
- A second opportunity for those who missed out
Tables and charts
This report includes the following images and tables:
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Licensing round awardsAwarded, partially awarded and open blocksBid evaluation criteria and corresponding weight
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Profit sharing applicable to CON 3, CON 8, KON 3, KON 7, KON 15Profit sharing applicable to CON 2, KON 1, KON 10, KON 13, KON 14Profit sharing applicable to CON 7, KON 19Qualifying and non-qualifying companies
What's included
This report contains:
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