The Angolan upstream regulator, National Agency for Petroleum, Gas, and Biofuels (ANPG), revealed the results of the Limited Public Tender for Block KON 13 in the Kwanza Onshore Basin.
ANPG confirmed Oando Energy as the block’s operator, holding a 45% stake, as reported by Africoilgasreport. The tender opened on May 24, 2024, with bids submitted on September 3, 2024.
The agency noted that 10% of the block’s Participating Interest remains available for a non-operator role. This minority stake will be awarded through a restricted competition involving unsuccessful operator-status applicants.
Oando, a Nigerian independent E&P company, has pursued Angolan hydrocarbon assets for over a decade.
In 2014, Wale Tinubu, CEO of Oando Plc, announced during a media chat that the firm had signed joint venture agreements in Angola and Mozambique.
Despite financial struggles over the past decade, Oando maintained its pan-African aspirations.
With its recent acquisition of operatorship for four oil mining leases (OMLs) in Nigeria’s central Niger Delta, Oando has now expanded its portfolio further by entering Angola.
African Energy Council