Announced by Helder Iombo, Director of Negotiations, ANPG on September 3 during the first day of the Angola Oil & Gas (AOG) 2025 conference and exhibition in Luanda, the investment comes as Angola prepares to launch a new licensing round in Q4, 2025, along with aims to produce first gas by December this year.

“We have a mature sector – with the Congo Basin serving as the most prolific on the continent. We have more than 30 production infrastructure projects in the country, and we also have contract stability,” Iombo stated.

The country has ten licensing opportunities for investors as part of the country’s 2019-2025 licensing round, which include Blocks CON 5, 9 and 10 in the Lower Congo Basin and Blocks KON 5, 7, 17, 18, 20, 22 and 23 in the Kwanza Basin.

Meanwhile, the ANPG also indicated that there are seven oil wells ready for investment in the offshore Kwanza, Benguela and Namibe Basins, with bids set to be launched for Blocks 22, 38 and 29 in the Kwanza Basin and 25 and 26 in the Benguela Basin.

“What attracts investors are the changes made in the Angolan market, changes that allow for exploration within marginal fields and underexplored areas,” stated Paulino Jerónimo, President, ANPG.