Angola plans multi-year oil and gas bid rounds from 2026

LUANDA, November 7, 2024 – The Angolan government plans new multi-year oil and gas licensing rounds starting in 2026, Reuters reported on Thursday.

The report cited an official at the country’s oil and gas regulator, the National Oil, Gas and Biofuels Agency (ANPG).

Angola’s 2019-2025 multi-year bid rounds placed more than 50 blocks on offer as part of efforts to revive flagging hydrocarbons production.

“We have already started to work on a plan for after 2025 and are currently executing our exploration strategy which is the evaluation of different sedimentary basins of the country,” the report cited ANPG board member Alcides Andrade as saying.

“Our goal is to keep our production above 1.1 million bopd for the next five to six years,” ANPG president Paulino Jerónimo told The Energy Year earlier this year.

“Without exploration, the decline will continue. If we succeed in exploration, instead of simply keeping above 1.1 million bopd, we can increase the production target.”

Read the full interview with Paulino Jerónimo here.

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