Angola unveils 2021 bid round dates
Angola The petroleum regulator said the bid round would cover nine onshore licences – six in the Kwanza Basin and three in the Lower Congo Basin.
Data packs will be sold under an entry fee of USD 1 million and proposals will have a deadline of June 9, the ANPG said.
With the new licensing round, the country hopes to boost exploration and reverse years of production declines. It also aims to “stimulate the local emergence of small and medium-sized oil companies, to promote the incorporation of qualified Angolan labor, as well as fostering technological innovation and good governance practices,” according to the ANPG.
Recent Posts
Iberdrola to triple offshore wind assets to $18 billion
Spain's Iberdrola plans to triple its offshore wind assets in the coming years, bringing their value to USD 18 billion,… Read More
Angola’s Azule Energy awards Saipem $850-million contract
Saipem has been awarded a USD 850-million contract for subsea works in Angola by local BP-Eni joint venture Azule Energy,… Read More
Arrow Exploration spuds new well in Colombia
Arrow Exploration has spud a new production well on the Tapir block in Colombia’s Llanos Basin, the company announced on… Read More
Petronas makes discovery off Suriname
Petronas has made a third oil and gas discovery in Suriname's offshore Block 52, the Malaysian company announced on Wednesday Read More
Japan’s JERA slates $32 billion for LNG, renewables, new fuels
Japanese power generation player JERA on Thursday announced plans to invest USD 32 billion in LNG, renewables and new fuels… Read More
Chevron planning UK North Sea exit
Chevron is planning to exit its North Sea operations after 55 years of activity in the oil hotspot, Reuters reported… Read More