Angola's National Oil, Gas and Biofuels Agency (ANPG) is making a new effort to unlock the country’s hydrocarbons potential by placing selected concessions on permanent offer, allowing for negotiation on blocks which had not received proposals during the normal bidding period.
RULES OF ENGAGEMENT: The new Angolan statute considers blocks eligible for ongoing negotiations should they fall under the following rules: concessions that have previously been tendered and not retendered for 180 days, free areas inside already-owned blocks that were relinquished to the State and concessions currently owned by the ANPG that are not intended for partnership. All areas must be submitted for approval by the ANPG to the Ministry of Mineral Resources, Petroleum and Gas prior to being considered as part of the new programme and widely publicised upon being sanctioned.
Interested players are eligible only upon proving technical and financial capacity to operate a block, which includes submitting technical and annual reports and balance sheets from the previous three years or undergoing independent audits if incorporated prior to the three-year mark. Disqualified players are not discounted from resubmitting additional proposals as long as they meet the ANPG’s requirements.
A WIN FOR THE ANPG: So far, the ANPG’s efforts have been well received. Under its 2021-2025 bidding strategy, the agency targeted the awarding of 50 concessions, with half of its goals already met by May 2022. While Western nations are currently moving away from investment in fossil fuels due to the global energy transition, Angola is proving that interest in hydrocarbons remains.
Local players such as Somoil* have responded well to the ANPG’s current role in opening the market. “Recent changes in legislation have made the industry even more attractive and the creation of the ANPG as the national concessionaire gives it the focus and attention required,” Edson Rodrigues Dos Santos, CEO of Somoil, told The Energy Year.
*(Somoil was renamed Etu Energias in 2023)
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