Walcot Group, a Nigerian energy company, has officially entered Angola’s oil and gas sector by signing a major Production Sharing Contract with the Angolan National Agency for Petroleum, Gas, and Biofuels (ANPG).
The agreement follows Walcot’s successful bid for three oil blocks in a recent international licensing round and marks a significant step in the company’s strategy to expand across Africa’s leading energy markets.
The signing ceremony took place in Luanda, where Walcot’s Founder and President, Christopher Nwabueze Ezea II, and ANPG Executive Administrator, Alcides Andrade, formalized the deal.
Also in attendance were Walcot Managing Director S.B. Mohammed, Executive Director Nnabuihe Nnamani, and Nigeria’s Acting Ambassador to Angola, Rebekkah Galadima—underscoring the growing economic collaboration between Nigeria and Angola.
Under the contract, Walcot secures full operatorship and 100% ownership of Block CON 3 and Block CON 7, both located in Angola’s resource-rich Lower Congo Basin.
