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11 Aug 2026

ANPG’s Paulino Jerónimo Joins AOG 2026 as Angola Advances its 2025-2050 Hydrocarbon Strategy

ANPG’s Paulino Jerónimo Joins AOG 2026 as Angola Advances its 2025-2050 Hydrocarbon Strategy
Angola's National Oil, Gas and Biofuels Agency (ANPG) has spent the past six years reshaping the country's upstream sector through regulatory reform, fiscal incentives and a multi-year licensing strategy designed to reverse a prolonged decline in oil production. The regulator is now looking at the next 25 years through the development of a 2025-2050 Hydrocarbon Strategy aimed at sustaining output, incentivizing exploration and maximizing output from legacy fields.

As the regulator advances the strategy, ANPG Chairman Paulino Jerónimo is confirmed to speak at the Angola Oil and Gas (AOG) 2026 Conference and Exhibition, taking place in Luanda from September 9-10 with a pre-conference day scheduled for September 8. Jerónimo's participation reflects the regulator’s commitment to engaging operators and investors and is expected to support discussions around the future of Angola’s hydrocarbon development.

Released for public comment in July 2026, the 2025-2050 Hydrocarbon Strategy represents a long-term plan to sustain and grow production from a base that has fallen from a peak of roughly 1.87 million barrels per day (bpd) in 2008 to approximately 1.1 million bpd. The framework follows a 2019-2025 strategy which saw 40 concessions awarded through a multi-year licensing strategy and the mobilization of an upstream investment pipeline estimated at $70 billion.

The reform agenda behind that pipeline is well documented, from the establishment of the ANPG as a dedicated upstream regulator in 2019 to the introduction of an Incremental Production Decree, Gas Monetization Law and Marginal Field Law. The agency is now focused on its forward agenda, preparing its next licensing round with blocks available across the Kwanza, Benguela and Namibe basins.

It is also overseeing the rollout of the Gas Master Plan, which provides the framework for monetizing Angola's non-associated gas reserves, and working to raise local content participation from approximately 12% to a target of 20% by 2027. The fiscal regime has been adjusted in parallel, with lower tax and royalty rates on mature assets and more generous cost recovery terms designed to keep reinvestment flowing into aging fields.

The results are visible across Angola's offshore basins. The TotalEnergies-operated Begonia and CLOV Phase 3 projects both came on stream in 2025, adding a combined 60,000 bpd to national output. Azule Energy's Agogo FPSO started production the same year. TotalEnergies is also advancing the $6 billion Kaminho project, the first large deepwater development in the Kwanza Basin, while Shell has returned to Angola through Blocks 19, 34 and 35. On the gas side, production began in March 2026 at the Quiluma and Maboqueiro fields under the New Gas Consortium, marking Angola's entry into non-associated gas production. The milestone followed Azule Energy’s dedicated gas discovery at Block 1/14, laying the foundation for future development.

As the ANPG looks to maintain this development momentum, AOG 2026 will provide a platform for the regulator to engage directly with international operators, investors and service providers as the country advances its next phase of upstream development. Discussions at the event are expected to focus on the implementation of the 2025-2050 Hydrocarbon Strategy, the upcoming licensing round, frontier exploration opportunities, gas monetization and policies designed to sustain production beyond 2050.

By bringing together government leaders and industry decision-makers, the conference will support continued investment and collaboration as Angola builds on the momentum created by its recent upstream reforms.

 

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