Angola is gearing up for its next international tender in 2025 as part of its six-year licensing strategy initiated in 2019.
With the National Oil, Gas & Biofuels Agency (ANPG) finalizing contract negotiations for the concluded 2023 bid round, which attracted 53 bids, the country’s upstream sector is poised for substantial growth.
The burgeoning investment in exploration and new oil and gas developments is set to be supported by Angola’s robust transport and logistics infrastructure.
The upcoming Angola Oil & Gas (AOG) event serves as a platform for policymakers and global project developers to converge, fostering investment in oil and gas projects aimed at boosting production. Stakeholders will delve into the success of the licensing strategy and explore new opportunities across the market.
Angola’s licensing rounds are pivotal in achieving its ambitious production targets, aiming for 1.1 million barrels per day (bpd) by 2027 and further increasing output to 2 million bpd in the long term.
The ANPG is currently finalizing production sharing negotiations for a 12-block tender launched in 2023, with deepwater and shallow water blocks offering high potential for exploration.
Moreover, Angola’s existing infrastructure is primed to support new concessions and enhance production capacity.
Strategic projects such as the integrated terminal and logistics hub in Soyo and the Kwanza Terminal and Pipeline Routes Project are set to play a crucial role.
Additionally, established facilities like the Kwanda Logistics Base and SONILS onshore supply base provide vital support to the offshore oil and gas industry.
With ongoing developments including the construction of an oil refinery in Lobito, Angola is reinforcing its position as a key player in the global oil and gas market, poised for sustained growth and investment.
