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Angola announces petroleum concessions awards
ANPG, the National Agency of Petroleum, Gas and Biofuels of Angola, has announced the winners of three concession awards from its 2019 bid round for hydrocarbon blocks in the Namibe and Benguela basins. The three blocks awarded are 27, 28 and 29, and all three are located offshore in the deepwater Namibe Basin.
Sonangol, the national oil company of Angola, was awarded a working interest of varying percentages in all three blocks, joined by others as operators or shareholders, including Eni, Total, Equinor and BP.
Sonangol secured a 35% interest in block 27, with the remaining 65% stake remaining open and available for negotiation by other interested companies, ANPG said. Eni was awarded operator rights for block 28, with a 60% interest, followed by Sonangol, which will carry a 20% stake, leaving 20% open for negotiations by other interested parties. Block 29 was awarded to Total as operator, with a 46% interest, partnered by Equinor (24.5%) Sonangol (20%) and BP (9.5%).
The blocks awarded, all of which are considered frontier, currently have no hydrocarbon production. A total of 10 frontier blocks were made available for concession in the 2019 round. Other blocks offered included 11, 12, 13, 41, 42 and 43 in the Namibe Basin, and block 10 in the Benguela Basin.
