Angola set for new oil licensing round – Minister

Angola is in the final stages of preparing a licensing round. According to the country’s Minister of Mineral Resources and Petroleum, Diamantino Pedro Azevedo during an interview with S&P Global, the round will be held in 2019 and launched at the Angola Oil & Gas 2019 Conference and Exhibition.

He said; “The new strategy for the [licensing] of onshore and offshore blocks will be approved soon, and it will not just be a strategy for [this] year but for the period 2019-25.”

He added that the acreage on offer would include onshore and offshore blocks for the Congo, Kwanza and Namibe basins. The 2019 licensing round, Angola’s first in eight years, will include a new focus on the development of marginal fields.

 

Share

SUBSCRIBE TO LATEST ENERGY NEWS

Read the latest energy industry news and researched articles
for oil and gas, power generation, renewable energy, events and more...