The National Agency for Petroleum, Gas, and Biofuels (ANPG), Angola’s upstream regulator, has announced the results of the Limited Public Tender for Block KON 13 in the Kwanza Onshore Basin.
Oando Energy, a Nigerian independent exploration and production (E&P) company, has been confirmed as the operator of Block KON 13 with a 45% stake, according to Africoilgasreport. The tender process began on May 24, 2024, and closed on September 3, 2024.
ANPG noted that 10% of the block’s participating interest remains available for a non-operator role. This minority stake will be awarded through a restricted competition among unsuccessful applicants for the operator position.
Oando has long pursued hydrocarbon opportunities in Angola, signaling its interest over a decade ago. In 2014, Oando CEO Wale Tinubu announced joint venture agreements in Angola and Mozambique during a media interaction.
Despite facing financial challenges in recent years, the company has continued to pursue its pan-African ambitions.
Oando’s recent successes include acquiring operatorship of four oil mining leases (OMLs) in Nigeria’s central Niger Delta. With the addition of Block KON 13, Oando has further expanded its footprint in Africa’s oil and gas sector.
