Angola is moving ahead with plans to award 60 oil and gas concessions by the end of 2025, surpassing its initial target and solidifying its standing as one of Africa’s leading destinations for upstream investment, according to the country’s oil and gas regulator.
Alcides Andrade, executive administrator of the National Oil, Gas and Biofuels Agency (ANPG), announced that the country has already gone beyond its goal of 50 concessions through both licensing rounds and direct negotiations.
The ANPG is now pursuing 10 additional awards to ramp up exploration and production activities across key basins.
“Since 2024, we have granted over 20 blocks, bringing the total to more than 50. We expect to reach around 60 concessions before the year ends,” Andrade stated.
This expansion aligns with Angola’s six-year licensing roadmap, which is supported by fiscal incentives designed to attract fresh investment into the sector.
The government projects as much as $70 billion in capital spending over the next five years, with several operators already progressing onshore exploration and drilling programs.
To sustain output above one million barrels per day, Angola is advancing major projects in 2025, including the Agogo, Begonia, and CLOV Phase 3 developments.
On the gas side, the ANPG is executing its national gas master plan to unlock non-associated reserves and strengthen domestic supply.
The Quiluma and Maboqueiro projects, Angola’s first non-associated gas developments — are expected to start production by late 2025.
Meanwhile, a recent find in Block 1/14 adds to Angola’s estimated 38 trillion cubic feet of natural gas potential, further boosting the country’s energy outlook.
source:apanews.net
African Energy Council