Angola is on track to award 60 oil and gas concessions by the end of 2025 as part of its multi-year licensing initiative launched in 2019. Alcides Andrade, Executive Administrator at the National Oil, Gas and Biofuels Agency, revealed that the country has already surpassed its initial target of 50 concessions through its annual licensing drive and direct negotiation program.
“Since 2024, we have awarded more than 20 blocks. This has amounted to more than 50 blocks. We see the potential to award up to 60 concessions by the end of this year. This has been a result of licensing rounds and direct negotiation,” Andrade explained.
Supported by a comprehensive six-year licensing strategy and enhanced fiscal policies, the ANPG is guiding Angola into a new era of investment and expansion. The regulator has successfully positioned the country as a premier African destination for upstream spending, with $70 billion in capital expenditure projected over the next five years.
Andrade emphasized the government’s reform efforts, stating, “We have acted to bring additional reforms to incentivize investment in exploration. We are working with the investment community to progress exploration onshore. There are a few operators who have either drilled wells or working towards drilling next year. Over the next five years, Angola is expecting to see up to $70 billion invested in the country.”
With an objective to maintain production above one million barrels per day, Angola has witnessed significant project milestones throughout 2025 as operators work to maximize resources across offshore basins. Andrade noted that “Agogo, Begonia and CLOV Phase 3 all started production this year.”
On the natural gas front, ANPG is advancing the country’s Gas Master Plan to unlock non-associated reserves. The New Gas Consortium is preparing to bring Angola’s first non-associated gas project, Quiluma and Maboqueiro, online in late 2025, establishing the foundation for a more diversified energy portfolio. A new discovery at Block 1/14 further demonstrates the potential of Angola’s offshore gas resources, underscoring the growing role of gas in the country’s energy future.
“We have seen a lot of progress on our first non-associated gas project, set to deliver first gas at the end of the year. We believe that we have more than 38 trillion cubic feet of gas potential in the country. We have a lot of studies ongoing to evaluate that potential. We are also delivering on associated gas. There is a lot of potential in currently producing oil blocks, so we are looking at how we can incentivize operators to monetize that gas,” Andrade added.
Source: World Oil