Angola’s National Oil, Gas & Biofuels Agency (ANPG) is offering five marginal fields for exploration, alongside 24 other block opportunities.
Located in operated blocks with competitive fiscal terms, these fields present an accessible entry point for smaller exploration and production (E&P) firms aiming to expand or enter the region.
The sixth edition of Angola Oil & Gas (AOG), scheduled for September 3-4, 2025, in Luanda, will spotlight Angola’s marginal field opportunities.
The event will bring together major operators, Angolan government officials, and independent oil and gas firms to discuss the strategic value of these fields, highlighting potential investments and opportunities for new players.
As the second-largest oil producer in sub-Saharan Africa, Angola has traditionally relied on large offshore projects to sustain its production.
However, the focus is now shifting towards its marginal fields, which offer compelling investment opportunities.
These fields, situated within operated blocks, benefit from proximity to existing infrastructure such as pipelines and export terminals.
Key prospects include Xikomba, Mbulumbumba, Tchihumba, and Vicango in Block 15, which boasts 17 prior discoveries and approximately 4 billion barrels of recoverable resources.
The most recent discovery in Block 15 was made in 2024 at the Likember-01 well. Similarly, the Chumbo prospect in Block 18, part of the Greater Plutonio development, adds further appeal.
Investing in these marginal fields offers reduced development costs, creating a commercially viable opportunity for operators.
In addition, Angola’s government has put in place supportive policies, including advantageous fiscal terms with reduced tax rates for marginal fields.
In 2018, the government lowered the headline tax rates for fields with discoveries under 300 million barrels of oil, reducing them from 20% to 10%.
The petroleum production and income taxes were also reduced to 10% and 25%, respectively, providing crucial incentives for small- and medium-sized enterprises.
Angola’s ANPG has identified five marginal fields for exploration in 2024, including the Kiame, 4_24, and Kiabo prospects in Block 4; the Malange, Lucapa, and Gabela prospects in Block 14; and the Xikomba, Mbulumbumba, Tchihumba, and Vicango prospects in Block 15.
Additional fields include the Canna prospect in Block 17/06 and the Chumbo prospect in Block 18. These efforts are aligned with Angola’s goal to maintain production above one million barrels per day beyond 2027, with a focus on diversifying its operator base and attracting fresh investments.
Angola’s commitment to industry reform, tax incentives, and flexible investment models will continue to attract a broader range of oil and gas players.
The upcoming 2025 oil tender, the final phase of Angola’s six-year licensing round, will offer nine deepwater blocks in the Kwanza and Benguela basins, expected to generate significant interest from both local and international companies.
This progressive approach, along with the promotion of marginal fields, underscores Angola’s strategy to support production growth while diversifying its portfolio of operators and active fields.
