Angolan Greenfield Prospects

Across both offshore and onshore acreage, Angola offers a wealth of greenfield block opportunities. Such acreage offers high-growth potential, customized developments and strategic positioning. The country seeks to tap into these prospects through its 2025 Limited Tender, launching shortly and offering nine blocks for investment across the Kwanza and Benguela Basins. The tender follows a 2023 Bid Round, which offered 12 blocks in the Lower Congo and Kwanza Basins. Angola’s upstream regulator the National Oil, Gas & Biofuels Agency (ANPG) is currently evaluating proposals from three companies for nine blocks in the onshore Kwanza Basin. The ANPG also awarded multinational energy company Oando operatorship of Block KON 13 in the Kwanza Basin – marking the company’s entrance into Angola.

These milestones reflect a growing trend by local and foreign operators seeking to tap into Angola’s greenfield blocks. Onshore, the country initially began producing oil from the Kwanza Basin in the 1970s, and while exploration has slowed over the years, this market continues to offer significant growth potential. In Angola’s deepwaters, the country has emerged as an exciting frontier, with almost all of the country’s production derived from the offshore fields of Cabinda together with the deepwater fields of the Lower Congo Basin. The underexplored Namibe and Benguela Basins are a significant opportunity, given their geological potential, frontier status and proximity to proven hydrocarbon systems. Various blocks are available via Direct Negotiation in the basin, including deep-water Blocks 41, 42 and 43 and shallow-water blocks 10, 11, 12 and 13. All of Angola’s greenfield prospects are backed by extensive seismic datasets.

Angolan Brownfield Prospects

Angola’s brownfields are similarly attractive for investors looking to take advantage of established infrastructure. As a major African producer, Angola has well-developed production and logistics infrastructure, specifically across blocks in the Kwanza and Lower Congo Basins. Investing in brownfields allows a faster time to market for operators, lower capital expenditure and access to proven petroleum systems. Angola has recently implemented an Incremental Production Initiative to incentivize investment in these assets. ExxonMobil made a discovery at Block 15 – one of the country’s biggest producing blocks – in 2024. Additionally, ExxonMobil and TotalEnergies signed a deal with the ANPG for the study and evaluation of the Free Areas of Blocks 17/06 and 32/21. Looking ahead, brownfield investments are expected to play a major part in boosting Angolan production.

Angola Oil & Gas 2025

The Angola Oil & Gas (AOG) 2025 conference, set to take place on September 3-4, 2025, will serve as a pivotal platform for fostering investment into the country’s upstream oil and gas sector. As Angola strives to maintain production above one million barrels per day, the event will provide an opportunity for networking, dealmaking and knowledge-sharing. Key discussions will center around the multi-year licensing round and new exploration frontiers as well as how brownfield investments can offer faster returns, lower exploration risks and optimized production.

AOG is the largest oil and gas event in Angola. Taking place with the full support of the Ministry of Mineral Resources, Oil and Gas; the National Oil, Gas and Biofuels Agency; the Petroleum Derivatives Regulatory Institute; national oil company Sonangol; and the African Energy Chamber; the event is a platform to sign deals and advance Angola’s oil and gas industry. To sponsor or participate as a delegate, please contact [email protected].