Petroleum Africa
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Thursday, August 15, 2019
Global business information provider IHS Markit, has been selected by the National Agency of Petroleum, Gas and Biofuels of Angola (ANPG), to facilitate its upcoming hydrocarbon licensing round presentations in Luanda, Houston, London and Dubai during September. IHS Markit last hosted previous hydrocarbon round promotions for Angola in 2005, and 2007-2008, which led to the largest signing bonuses on record for individual blocks.
ANPG, the national concessionaire for Angola, holds mineral rights for the exploration, development and production of liquid and gas hydrocarbons in the West African country, announced it will launch a bid round for the award of exploration and production rights for a total of 10 blocks in the following areas offshore Angola:
Namibe Basin—Blocks 11, 12, 13, 27, 28, 29, 41, 42 and 43
Benguela Sub-Basin—Block 10
The blocks, which are all considered frontier, currently have no hydrocarbon production. During the upcoming roadshow presentations, ANPG will present technical details regarding the round, provide an overview of the geology of the blocks on offer, discuss fiscal terms, potential hydrocarbon reserves, the timeline for the rounds, qualification requirements and submission guidelines. Several seismic vendors with seismic coverage of the blocks on offer, will also be present.
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