Category: Angola

Oil discovery: New discoveries in Angola’s Prolific Basins fuel interest in ongoing bid round

From deep-water commercial fields to onshore plays, Angola boasts a combined depth of resources and existing infrastructure that provide explorers with unparalleled opportunities in the upstream ENI announced on Tuesday 06 April, that it had made a new discovery in Angola. The Italian Major’s latest oil discovery in its Block 15/06 concession offshore Angola underlines why Angola’s Prolific Basins and conducive regulatory framework continue to prove attractive despite stiff competition from new frontiers like Guyana and Suriname. It is also […]

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Angola’s Petroleum Agency outlines timeline for ongoing bid-round

A hybrid online and physical roadshow for the current bid-round is scheduled for April 6 in at the Talatona Convention Centre in Luanda Angola’s National Oil, Gas and Biofuel’s Agency (ANPG) has outlined its timetable for the evaluation of its ongoing 2020 bid round, as interest in the acreage on offer continues to grow. photo caption: Paulino Jerónimo, Angola’s National Oil, Gas and Biofuel’s Agency (ANPG) CEOAfrica Oil & Power Conference In line with its statutory duties as national concessionaire […]

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Angola’s 65 Years of Oil History has been Good for Angola Despite Some Challenges

In addition to generating vast amounts of revenues, good paying jobs and improving key socioec-onomic indicators, oil and oil-sector reforms in Angola intended to make the sector globally com-petitive have also led to progressive and reform-driven growth in other sectors Angolan lawmakers last week approved the revision of current legislation, allowing for oil and gas pre-exploration studies to be carried out in some areas previously designated as natural reserves. The government however stressed, that this law was by no means […]

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Angola’s oil and gas industry can thrive alongside its rich Biodiversity

by Verner Ayukegba Angola can balance environmental protections with ongoing hydrocarbon exploration, just as is foreseen by its constitution Last month, reports that Angola was drafting legislation to permit oil, gas and mining activities in 14 national conservation areas, including the Luengue-Luiana National Park, which represents part of the Kavango-Zambezi Transfrontier Conservation Area stretching across Angola, Namibia, Botswana, Zambia and Zimbabwe led to protests by environmentalist groups. Local environmentalists were outraged, likely weary of test drilling that had begun days […]

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