Angola’s petroleum agency launches video on licensing round exploration potential

Angola videoTo promote Angola’s current oil and gas licensing round that features nine highly-prospective onshore blocks, the National Agency of Oil, Gas and Biofuels (ANPG) has published a video showcasing the technical profile of the onshore blocks currently on offer to investors

This initiative follows a technical presentation that took place in Luanda on 12 April and will be followed by a webinar where foreign investors will be able to address the agency directly with questions and queries.

The 2020/2021 licensing round – which will be launched on April 30 and will conclude on June 9 – features six licences in the onshore Kwanza Basin (KON 5, 6, 8, 9 17 and 20) and three licences in the onshore Lower Congo Basin (CON 1, 5 and 6).

The bid round has already attracted global interest due to the significant upside potential that characterises Angola’s onshore acreage – early exploration activities which have yielded approximately 13 commercial-sized oil discoveries.

Deep- and ultra-deep water offshore exploration has garnered significant attention from oil majors in recent years. Angola’s Kwanza Shelf is gaining traction on the back of new broadband 3D seismic data and a track record of multiple exploration wells, of which a majority spudded oil. Moreover, the shallow-water shelf serves as a geological mirror to Brazil’s prolific Santos and Campos Basins, and is home to several early discoveries in Blocks 20, 21 and 23 – including the Orca field, which is estimated to be the largest pre-salt discovery in the Kwanza Basin to date. 

Data packages are available for both onshore basins, providing key geological information, detailed study reports on the stratigraphy, structural component and perspectivity of each area, an accessibility study, georeferenced information and relevant legal and judicial information. Vintage seismic data is also available for acreage in the Kwanza Basin.

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