ANPG awarded oil blocks to Total and Eni

ANPG awarded oil blocks to Total and Eni
ANPG awarded oil blocks to Total and Eni

Africa-Press – Angola. The National Agency of Petroleum, Gas and Biofuels (ANPG) awarded the exploration of two oil blocks, located in the Lower Congo Maritime Basin, to the multinationals Total Energies and Eni, the first with Block 16/21 and the second with Block 31/21, this Sunday (1), official source.

Acting as a National Concessionaire, under the terms of Presidential Decree no. 86/18, of 2 April, in conjunction with Presidential Decree no. “Limited Public Tender for the Lower Congo and Kwanza Offshore Basins” led to the creation of the contractor groups Total Energies, to operate Block 16/21, with a 100 percent stake, and Eni and Equinor, both to share Block 31 /21, with a 50 percent share each. It should be noted that Equinor enters the business as a “non-operator”.

This award follows the opening of proposals held on the 5th of April. According to the ANPG, Blocks 32/21, 33/21 and 34/21, in the Baixo Congo Maritime Basin, and Blocks 7/21, 8/21 and 9/21, in the Kwanza Maritime Basin, were not awarded, for lack of proposals.

In view of the situation, the concessionaire will begin the process of direct negotiation of the aforementioned blocks with any interested companies, as defined in points four and five of Article 44 of Law no. .

Investment Facilities
With the entry into force of Presidential Decree no. petroleum activity and the Petroleum Derivatives Regulatory Institute (IRD), as a regulatory body for the petroleum segments.

The reforms implemented in the Oil sector aim to raise the levels of oil prospecting and production, after having seen, from 2016, a low in exploration, which scared off foreign investors.

As part of the program to boost oil activity and boost the national economy, the Executive approved several legal instruments, which today allow foreign companies to invest, with greater interest, in the country.

Following the reforms, initiatives are being promoted to relaunch the oil exploration activity, to improve operational efficiency and cost optimization and to promote local content, which has already enabled the implementation of the 2020/2025 hydrocarbon exploration strategy , which aims to boost and intensify exploration activity.

In addition, another initiative to implement the 2019/2025 oil concessions strategy aims to bid for more than 50 blocks by 2027.

As part of the reforms taking place at the Ministry of Mineral Resources, Oil and Gas, the National Agency for Petroleum, Gas and Biofuels awarded, in 2019, six offshore blocks in the Namibe Basin and one block in the Benguela Basin.

For the 2020 bidding process, completed in 2021, due to Covid-19, ANPG has bid for nine blocks onshore in the Congo and Kwanza Basins. It was in this process that the third edition of the bidding for oil blocks was carried out in the form of “Limited Public Tender”, in which eight offshore blocks in the Baixo Congo and Kwanza Basins were ceded, which culminated in the receipt of two proposals, which point to Total Energies, Eni and Equinor as legitimate winners.

In the field of refining, the Government approved a strategy aimed at modernizing the Luanda Refinery and promoting the implementation of construction projects for the Cabinda, Lobito and Soyo Refineries. The sector has also taken steps to optimize the storage of liquid fuels, completely eliminating the floating storage of liquid derivatives.

The Executive’s actions also include the conclusion of the first phase of the Barra do Dande Ocean Terminal Project, which is expected to be completed by the end of 2022.

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