Angola outlines E&P bidding round schedule

Angola’s government will allocate 55 oil and gas blocks through 2025 in an effort to boost reserves replacement and increase natural gas production, President João Lourenço said at a presentation on Monday.

The first 10 blocks, all located onshore in the Namibe and Benguela basins, are expected to be offered during the Angola Oil & Gas 2019 conference in early June. Nine Congo and Kwanza basin blocks will be auctioned in 2020 and a final round for 12 areas in the same basins is slated for 2023.

NOC <a href=’https://staging.theenergyyear.com/companies-institutions/sonangol/’>Sonangol will take at least 20% stakes in each of blocks.

Seismic acquisition will also take place in the country’s Namibe, Etosha, Okavango and Cassange basins as part of the scheme, local publication Africa Oil & Power reported.

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