[2019-10-03] Angolan government launches international public tender for new oil concessions

Source: Macauhub

The Angolan National Oil, Gas and Biofuels Agency (ANPG) has officially launched an international public tender for oil exploration in 10 blocks of the Namibe and Benguela basins, in a combined area of more than 55,000 square kilometres, according to a statement issued on Wednesday.

These 10 blocks are the first in a set of 55 to be tendered under the 2019-2025 Bidding Strategy approved by the President of the Republic under the responsibility of ANPG, the national concessionaire.

The announcement said that the submission of proposals by interested parties can be made until 12 November, the opening of these will take place on 13 November, and the qualification of the companies and evaluation of the proposals will end on the 28 December.

Concessions will be awarded on 17 January 2020 and contracts will be negotiated until 27 March, with contracts finally signed on 30 April 2020.

This process began last June, with the pre-announcement of the tender, and continued with international presentations, the first taking place on 3 September in Luanda.

The international presentation of these oil bids was also held in the cities of Houston, London and Dubai, and received the attention of the world’s largest operators, namely Total, Chevron, ExxonMobil, BP, Shell and Qatar Petroleum.