A strong slate of upstream players have joined the Angola Oil & Gas (AOG) conference – taking place on October 2-3 – to discuss ongoing projects, strategic investments and opportunities for further collaboration. The country’s concessionaire the National Oil, Gas & Biofuels Agency (ANPG) will lead upstream-related discussions alongside global energy majors Chevron, Equinor and TotalEnergies. These companies will be joined by independents including ReconAfrica, Afentra and Red Sky Energy, who will delve into recent acquisitions, field development plans and emerging block opportunities.
Shortly following its establishment in 2019, the ANPG launched a multi-year licensing round aimed at ensuring sustained investment in Angola’s underexplored blocks. On the back of a successful 2023 tender – whereby 53 bids were submitted for onshore blocks in the Lower Congo and Kwanza basins – the ANPG announced the launch of its next tender, a 2025 Bid Round offering ten blocks for exploration in the offshore Kwanza and Benguela basins. During AOG 2024, the ANPG’s Executive Administrators Alcides Andrade and Ana Miala will discuss the strategic value of investing in Angola’s blocks alongside the organization’s Director of Negotiations Hélder Iombo and Technician DPRO Victor Santos.
AOG is the largest oil and gas event in Angola. Taking place with the full support of the Ministry of Mineral Resources, Oil and Gas; the National Oil, Gas and Biofuels Agency; the Petroleum Derivatives Regulatory Institute; national oil company Sonangol; and the African Energy Chamber; the event is a platform to sign deals and advance Angola’s oil and gas industry. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.
Through its multi-energy strategy, energy major TotalEnergies is driving projects across the Angolan oil and gas value chain. Part of this strategy is the Begonia field development – the first at offshore Block 17/06. The project involves the development of five wells tied into the existing Pazflor FPSO. This year, TotalEnergies also achieved a final investment decision for the Kaminho Deepwater Development. As the first deepwater development in the offshore Kwanza Basin, the project incorporates the Cameia and Golfinho fields and will start production in 2028. Martin Deffontaines, Managing Director of TotalEnergies Angola, will unpack the implications of the company’s project pipeline on national production goals.
Energy major Chevron is making strides toward accelerating gas monetization in Angola, while driving exploration across frontier basins. Through its stakes in the New Gas Consortium, the company aims to start production at Angola’s first non-associated gas project – the Quiluma and Maboqueiro project – by 2026, which will provide feedstock for the Angola LNG plant. Additionally, Chevron has signed two Risk Service Contracts for Block 49 and 50 – located in the Lower Congo Basin. The company is undertaking seismic surveys to determine the potential of the blocks. At AOG 2024, Chevron’s Commercial General Manager: Angola Toni Henning will shed insight into ongoing exploration and production campaigns.
To support the country’s production target, Equinor is strengthening its presence across Angola’s blocks. The company secured a 40% stake in exploration Blocks 46 and 47 in December 2023. The transaction followed a production sharing agreement signed with Azule Energy for Block 31/21 offshore Angola in September 2023. The company already produces oil from three blocks in the country, with new investments set to boost the company’s Angolan output. Ane Aubert, Managing Director of Equinor Angola, will outline Equinor’s near- and long-term exploration strategy at AOG 2024.
Meanwhile, independent oil and gas company Afentra is currently conducting light well interventions at Blocks 3/05 and 3/05A, having recently acquired interests in these assets from international energy company Azule Energy. Under efforts to bring new blocks online and on the back of the country’s 2023 licensing round, the company is finalizing contracts for Blocks KON 15, KON 19 and KON 23. During AOG 2024, Afentra’s CEO Paul McDade joins the company’s COO Ian Cloke to discuss block acquisitions and exploration plans.
Independent E&P firm Red Sky Energy – with experience in exploration and production in Australia – is assessing strategic opportunities in Angola. Having participated in the country’s previous licensing rounds, the company is seeking newfound collaborations and investment prospects. During AOG 2024, Andrew Knox, CEO of Red Sky Energy, will unpack the company’s strategy for Angola.
Angola’s largely-underexplored onshore basins offer strategic opportunities for companies to the likes of ReconAfrica. The independent oil and gas firm has experience in exploring onshore acreage and is currently conducting drilling in the Damara Fold Belt in Namibia’s Kavango Basin. Angola’s onshore basins offer promising geological structures, with amended fiscals making them even more attractive for foreign investment. Brian Reinsborough, CEO of ReconAfrica, will speak during AOG 2024 on opportunities across this market.
