
Afentra Secures Strategic Angola Block in Kwanza Basin Push
Afentra plc has initialed a risk service contract for Block KON4 in Angola’s onshore Kwanza basin, marking another significant step in the company’s strategy to build a material position in this underexplored region.
Under the proposed terms, Afentra will operate the block with a 35% equity interest, adding to its existing portfolio alongside blocks KON15 and KON19. The agreement now progresses through formal governmental approval processes.
Chief Executive Officer Paul McDade emphasized the strategic importance: “The initialling of the KON4 RSC is a significant step in our continued strategy to build a material position in onshore Kwanza basin in Angola. We are already working closely with our partners to prepare for an efficient review of the block’s existing oil fields.”
Covering 1,387 square kilometers, Block KON4 has seen discovery of 11 oil and two gas fields, producing more than 90 million barrels of oil equivalent to date. The crown jewel is the Quenguela Norte field, the largest onshore discovery estimated to hold over 200 million barrels of discovered oil in place.
Quenguela Norte achieved peak production of 12,000 barrels per day with 42 million barrels recovered before being shut-in and abandoned in 1999. This represents significant reactivation potential using modern technology and development techniques.
The block’s proximity to the Luanda refinery and existing road infrastructure could enable early production and export opportunities, while the three-block portfolio offers exposure to diverse play types across both post-salt and pre-salt petroleum systems.
Source: oilreviewafrica.com