Angola Charges $1Million Entry Fee for Next Bid Round, to Launch in April 2021

Angola’s National Oil, Gas and Biofuels Agency (ANPG), as a national concessionaire, has announced its intention to hold an international tender for the award of new oil concessions in the country.

Nine blocks are on offer: three in the Terrestrial Basin of the Lower Congo and six in the Terrestrial Basin of the Kwanza. The contest opens 120 days from December 31, 2020, ANPG says. That is April 30, 2021.

This licence sale, which focuses on Blocks CON1, CON5 and CON6, of the Terrestrial Basin of the Lower Congo, and Blocks KON5, KON6, KON8, KON9, KON17 and KON20, of the Terrestrial Basin of Kwanza, “has a mandatory condition of participation the payment of an Entry Fee (Entry Free) in the amount of $1,000,000.00 (One Million United States Dollars), which will allow access to the Data Packages related to the basins to bid.

The deadline for the submission of proposals runs until June 9, 2021, in compliance with the 40 days provided for by law, and the opening ceremony for proposals will take place on June 10, 2021.

“This 2020 bid aims to relaunch the exploration and production of hydrocarbons in the terrestrial areas of the referred basins, to decrease the decline in production, by increasing the exploration and discovery of new resources, to stimulate the local creation of small and medium oil companies, to promote the incorporation of qualified Angolan labor, as well as fostering technological innovation and good governance practices. 

Paulino Jerónimo, Chairman of the Board of Directors of ANPG

The bid round is taking place under Law no. 10/04, of 12 November (Law of Petroleum Activities, amended by Law no. 5/19, of 18 April) and the aforementioned Presidential Decree No. 86/18, “to acquire the status of associate of the national concessionaire and to contract goods and services in the oil sector ”, Mr. Jerónimo explains.

“The National Concessionaire will communicate in due time the date and location of the technical presentations (roadshows), through an advertisement on the ANPG portal ( www.anpg.co.ao ), and in the national and international media”.

 



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