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.




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