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Tuesday, May 30, 2023

13 Angolan Companies Compete in Bid Round for Lower Congo and Kwanza Basins

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A total of 16 companies, 13 Angolan and 3 foreign, submitted investment proposals for the exploration of oil blocks in three sedimentary basins in the Lower Congo and nine in the Kwanza basin, as part of the 2020 bidding process, at an opening ceremony held by the National Oil, Gas and Biofuels Agency (ANPG), on the 12th of July.

The companies that officialized their interest are Monka Oil, Brightoil, Mineral One, PRODIAMAN, Alpha Petroleum, Sonangol P&P, MTI Energy, Tusker Energy, Somoil, AIS, PRODOIL, UPITE Oil Company, Grupo Simples Oil, Service Cab, Omega Risk Solution and Intank Group.

The tender Jury was composed by Hermenegildo Buila (Negotiation Manager at ANPG), who preside it, Carmen Canjungo (for the Ministry of Mineral Resources, Oil and Gas) and Airton Lucas (for the Ministry of Finance).

On the occasion, ANPG’s Executive Director, Natacha Massano, recalled that this tender is part of the 2019-2025 strategy for the attribution of oil concessions, approved by the Angolan Executive, and which aims, fundamentally, to increase the knowledge of the country’s geological potential and increase the production reserves, to not only create wealth for the State, but also to ensure a fair return for investors.

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Source: PetroleumAfrica

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