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Wednesday, January 6, 2021
The Angolan Agency of Petroleum, Gas and Biofuels (ANPG), as the national concessionaire, has announced its intention to hold an international tender for the award of new oil concessions in Angola. There are nine blocks that are going to be tendered: three in the Lower Congo Onshore Basin and six in the Kwanza Onshore Basin. The pre-announcement was published on the 31st December 2020, in the Jornal de Angola, the Wall Street Journal and on the ANPG website.
Luanda, 5th January 2021 – This new bidding, which focuses on Blocks CON1, CON5 and CON6, of the Lower Congo Onshore Basin, and Blocks KON5, KON6, KON8, KON9, KON17 and KON20, of the Kwanza Onshore Basin, will have as a mandatory condition of participation the payment of an Entry Fee in the amount of USD 1,000,000.00 (One Million United States Dollars), which will allow access to the basins’ Data Packages.
The bidding moves forward 120 days after the publication of this pre-announcement, that is, on 30th April 2021, and the deadline for the submission of proposals runs until 9th of June 2021, in compliance with the 40 days established by law, and the opening ceremony of the proposals will take place on 10th of June 2021.
According to Paulino Jerónimo, President of ANPG, “this 2020 bid aims to relaunch the exploration and production of hydrocarbons in the onshore areas of the referred basins, to mitigate the decline in production, by increasing the exploration and discovery of new resources, to stimulate the emergence of small and medium-sized oil companies, by promoting the incorporation of qualified Angolan labor, as well as fostering technological innovation and good governance practices”. The same official recalls that “the Licensing Round takes place under Law no. 10/04, of 12 of November (Law of Petroleum Activities, amended by Law no. 5/19, of 18 of April) and the Presidential Decree No. 86/18 related to the acquisition of the status of associate of the national concessionaire and to contracting of goods and services in the oil sector”.
The National Concessionaire will inform in due time the date and the location of the technical presentations (roadshows), through an announcement on the ANPG website (www.anpg.co.ao), and in national and international media.
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