In the first quarter of 2025, Angola’s National Oil, Gas, and Biofuels Agency (ANPG) plans to launch a limited tender offering 10 blocks in the Kwanza and Benguela basins, including five marginal fields—a first for the country.
To attract investment in these block opportunities, the ANPG is inviting companies to participate in the upcoming licensing round.
Negotiations are already open, and companies are encouraged to contact the ANPG ahead of the official licensing launch.
As sub-Saharan Africa’s second-largest oil producer, Angola offers significant opportunities for exploration and production (E&P) companies.
While production averaged 1.8 million barrels per day (MMbpd) between 2009 and 2015, national production has declined sharply since 2016 due to field maturation.
In response, the government has introduced regular block opportunities through tenders and permanent offer programs to address these declines.
“We have implemented a series of reforms, approving a strategy in 2019 to license more than 50 blocks by 2025.
So far, we have conducted four licensing rounds and awarded over 30 new concessions. Another round is planned for 2025, where we will offer ten more offshore blocks,” stated Alcides Andrade, ANPG Board Member.
Reforms have encouraged long-standing companies such as TotalEnergies, Chevron, BP, and Eni (now operating as Azule Energy) to continue investing in Angola. These reforms have also focused on maximizing output in existing fields.
“The plan is to do everything we can to keep production above one million barrels per day (bpd). We are currently producing about 1.1 MMbpd and offer diverse opportunities for companies of various sizes, including onshore blocks, shallow waters, and deepwater,” added Andrade.
The 2025 limited tender will feature Block 40, Block 25, Block 39, and Block 26 in the Benguela basin, and Block 22, Block 35, Block 37, Block 38, and Block 36 in the Kwanza basin.
Additionally, Angola has four onshore blocks available, 11 blocks on permanent offer, and five marginal fields ready for exploration.
These marginal fields are situated in producing blocks with proven systems and can be awarded individually. Interested companies will receive an invitation letter once the 2025 tender launches.
The ANPG is also committed to strengthening subsurface data across both mature and frontier fields. While Angola’s basins already offer a rich library of 2D and 3D seismic data, additional data is needed to support exploration efforts.
Ross Compton, Director of Global Policy at Energeo Alliance, emphasized the importance of the exploration industry in making energy possible for the world.
“Africa needs energy for industrialization, the movement of goods and people, and climate resilience. We believe that collaboration within Africa and Angola is very promising, and EnerGeo Alliance is ready to partner.”
Verner Ayukegba, Vice President of AEC, highlighted the abundant opportunities within Angola’s oil and gas industry, stressing that investing in Angola is now more appealing than ever.
