15 companies bid for Angola’s onshore blocks
15 companies bid for Angola’s onshore blocks
Angola has received bids for all nine of its onshore blocks up for grabs in its 2020 licensing round, in the Lower Congo and Kwanza basins.
A statement from Africa Energy Chamber said 15 companies had submitted 45 offers, worth more than $1 billion.
Bids submitted to Angola’s Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG) were a “rare result”, the chamber said, “in an increasingly competitive and investment-shy global environment”. ANPG will announce results on August 25.
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