Angola is open for business - New Licensing Round on the Way in Angola
Under the new government of H.E. João Lourenço of Angola, diversity is the keyword. The Republic of Angola is open to attract foreign investment and has amended its business strategy to be more friendly and simple. Angola is open for business and has lot of potentials as an oil/gas domain in Africa. Angola has lot of deepwater resources and marginal fields which will be licensed this year. Discussions on the potentials and opportunities in Angola’s Deepwater and marginal fields/ intents to attract partners for indigenous operators will take the front stage in the 12th Annual Sub-Saharan Africa Oil/Gas Conference scheduled for May 2-3, 2019 at Marriott Westchase Houston. Be part of the discussion! REGISTER NOW!
According to Petroleum Africa “New Licensing Round on the Way in Angola”
Angola is said to be in the final stages of preparing a licensing round. According to the country’s Minister of Mineral Resources and Petroleum, Diamantino Pedro Azevedo speaking to S&P Global, the round will be held in 2019 and launched at the Angola Oil & Gas 2019 Conference and Exhibition.
“The new strategy for the [licensing] of onshore and offshore blocks will be approved soon, and it will not just be a strategy for [this] year but for the period 2019-25,” said the Minister, adding that the acreage on offer would include onshore and offshore blocks for the Congo, Kwanza and Namibe basins.
The 2019 licensing round, Angola’s first in eight years, will include a new focus on the development of marginal fields.
Azevedo also revealed that the country was launching new projects with the intention of replacing declining reserves. “We launched the Kaombo 1, and [this] year we launch the Kaombo 2 – the second phase of the project,” he said.
H.E. João Lourenço
President , Republic of Angola