The Angolan upstream petroleum regulator National Agency for Petroleum, Gas, and Biofuels (ANPG) has announced the result of the Limited Public Tender for Block KON 13, located in the Kwanza Onshore Basin.
The results of the Limited Public Tender for Block KON 13, which is situated in the Kwanza Onshore Basin, were revealed in a statement over the weekend by Angola’s upstream petroleum regulator, the National Agency for Petroleum, Gas, and Biofuels (ANPG).
In the statement, the ANPG reports that Oando Energy is the designated operator of the block, with 45%. Initially the tender was made public on May 24, 2024, and the bidding was held on September 3 of the same year.
According to the regulator, 10% of Participating Interest is still up for grabs for the Non-Operator status. A restricted competition would be used to award that minority ownership “to the companies that applied and did not win for the operator status.”
For more than ten years, Oando, an E&P firm from Nigeria, has been eager to acquire Angolan hydrocarbon property.
Oando Plc’s CEO, Wale Tinubu, revealed in a media talk in 2014 that the business has “signed a joint venture” in both Angola and Mozambique.
However, given the company’s financial difficulties during the majority of the past ten years, it was unclear if its pan-African goals were still in focus.
This announcement is in line with Angola’s National Agency of Oil, Gas, and Biofuels (ANPG) plans to award nine more concessions by the end of the year, bringing the total to 41 since 2019, as part of its target to award 50 concessions by 2025 to stabilize production and expand their portfolio.
ANPG explains that the bid process, conducted under the terms of Articles 4 and 5 of Presidential Decree No. 86/18, of April 2, “was based on the requirements for Member of the National Concessionaire, namely, Operator (financial and technical capacity) and Non-Operator (financial capacity), as indicated in Angolan National Agency for Petroleum, Gas, and Biofuels (ANPG)’s announcement of the results for the Limited Public Tender for Block KON 13 in the Kwanza Onshore Basin. The block has been awarded to Oando Energy as the operator with a 45% stake.”
