Angola is moving decisively to revitalize its oil sector, combining a major licensing push, increased investments, and high-profile international agreements.
The National Agency for Petroleum, Gas, and Biofuels (ANPG) announced that the country is set to award up to 60 oil and gas concessions by the end of 2025, surpassing the 50 blocks already allocated since 2019.
The initiative is aimed at stabilizing Angola’s oil production, which had previously fallen below one million barrels per day, while attracting new international investment.
The concessions cover both onshore and offshore blocks across prolific basins such as Kwanza, Benguela, and Namibe, and include a focus on non-associated gas projects to diversify the nation’s energy portfolio.
Recent Developments in Angola’s Oil Sector
Licensing Rounds and Concessions
In early October, ANPG confirmed that an additional 10 blocks would be allocated, bringing the total to approximately 60. This licensing push is designed to stimulate exploration, production, and the development of both oil and gas resources.
Bidding Rounds to Halt Output Decline
In September, Angola opened a bidding round for multiple oil blocks, targeting both onshore and offshore areas. The objective is to counter declining production and bring underutilized assets back into operation.
Production Recovery
By late September 2025, Angola’s oil production rebounded above 1 million barrels per day, thanks to rehabilitation of existing wells and investments by major operators including TotalEnergies, ExxonMobil, and Azule Energy, which is committing approximately $5 billion over the next five years.
High-Profile International Agreements
On October 31, 2025, ANPG announced an exclusive negotiation agreement with Shell plc for oil Blocks 19, 34, and 35, as well as select ultra-deepwater blocks. The official signing ceremony is scheduled for November 3, 2025, marking a major milestone in Angola’s engagement with international oil companies.
Why These Developments Matter
Investment and Growth: Multi-billion-dollar commitments from Azule Energy and other international partners demonstrate strong investor confidence.
Production Stabilization: Licensing and well rehabilitation programs aim to maintain output above one million barrels per day.
Energy Diversification: Non-associated gas projects support domestic energy needs and export potential.
Global Partnerships: Deals with major players like Shell bring expertise in offshore development and strengthen Angola’s presence in the global energy market.
Looking Ahead
With licensing expansion, international partnerships, production recovery, and significant investments, Angola’s oil sector is poised for renewed growth in 2025 and beyond.
These strategic moves not only stabilize production but also lay the foundation for energy diversification and increased economic revenues, supporting Angola’s long-term development goals.
