Angola Reduces Entry Fee, Extends the Deadline for Bid Round - Africa’s premier report on the oil, gas and energy landscape.

Angola Reduces Entry Fee, Extends the Deadline for Bid Round

Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG), the Angolan hydrocarbon regulatory agency, has announced that the delivery of bids for tenders for the Lower Congo and Kwanza onshore basins, which initially should be done by June 9th, has just been extended until July 9th, 2021.

Simultaneously, “ANPG decided to revise the entrance fee for these bids”, the agency says in a statement

“The decision of the national concessionaire is linked to the fact that many of the companies interested in the process have asked for a longer period to better understand the file, the data it contains and also to clarify doubts with ANPG technicians”.

ANPG did not give the percentage reduction of the entry(participation) fee, which was set at $1Million,  but declared that the data package for both basins still has to be acquired by interested companies. This decision is justified by the fact that it deals with onshore exploration, to which, historically, smaller companies and national companies converge, which are interested in participating in the prospecting, exploration, development and production of hydrocarbons in Angola.

“COVID-19, which continues to affect the world economy, has also destabilized the hydrocarbons market, and ANPG, which since its creation has been the driving force behind the oil activity in Angola, chose to listen to suggestions from the national business community and the foreign investors on the revision of the value of the entrance fee to facilitate entry into the sector for new entrants.

“It should be remembered that the launch of the Public Tender for the 2020 Tender for Blocks CON1, CON5 and CON6 ( Low Congo Onshore Basin ) and for Blocks KON5, KON6, KON8, KON9, KON17 and KON20 ( Kwanza Onshore Basin ) was carried out in the April 30th. This launch included the publication of the terms of reference, public tender rules, application and proposal submission models”.

ANPG concludes that interested parties can find this and other information in ANPG´s website (www.anpg.co.ao), and/or by contacting ANPG’s Negotiations Department through e-mail: hermenegildo.buila@anpg.co.ao, for any further clarification.to clarify any and all questions related to this bidding process”.

 

 

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