Afentra has secured a 35% operated interest in the KON4 block in onshore Angola after the government approved the Risk Service Contract through a Presidential Decree.
The company obtained the license alongside local partners Grupo Simples Oil, Sonangol E&P, Brite’s Oil and Gas, and Sodedurs.
The KON4 block is located in Angola’s onshore Kwanza basin and expands Afentra’s operated assets in the country. The block includes several mature oil fields, including Quenguela Norte, which remains the largest onshore discovery made in the basin so far.
Quenguela Norte is estimated to contain more than 200 million barrels of discovered oil in place within Tertiary reservoirs.
The field previously produced up to 12,000 barrels of oil per day. Operators recovered about 46 million barrels before production stopped and the field was abandoned in 1999.
KON4 spans about 1,387 square kilometers in an area with a long history of oil and gas production. The region has produced more than 90 million barrels of oil equivalent from 11 oil fields and two gas fields.
The new risk service contract creates opportunities for redevelopment and near-field exploration across Tertiary and Cretaceous plays that remain underexplored.
The block’s proximity to the Luanda refinery and existing transport infrastructure could help support early production and export activities.
Afentra’s technical team has started early subsurface studies on KON4, with a focus on assessing the potential restart of production at Quenguela Norte.
The contractor group is also reviewing permitting requirements and combining data from a recent high-resolution eFTG survey with existing seismic data to evaluate wider exploration potential.
Afentra CEO Paul McDade said the award of KON4 marks an important step for the company as it strengthens its operational position in the onshore Kwanza basin and expands its presence in a largely underexplored basin.
He added that KON4 offers both redevelopment opportunities through the Quenguela Norte field and additional exploration potential, supported by favorable fiscal terms and access to nearby refining infrastructure.
McDade also noted that, alongside Afentra’s non-operated interests in KON15 and KON19, the company now holds a broader position across the basin and plans to continue advancing technical evaluations with its partners.
Under the license agreement, Afentra and Grupo Simples Oil each hold 35% interests in the KON4 block. Sonangol E&P holds 20%, while Brite’s Oil and Gas and Sodedurs each hold 5%.
source:www.offshore-technology.com
African Energy Council