As sub-Saharan Africa’s second-largest oil producer, Angola presents lucrative opportunities for both greenfield and brownfield investments in its oil and gas sector. The country’s ongoing 2025 Limited Tender is offering nine blocks across the Kwanza and Benguela Basins, following a 2023 bid round that made 12 blocks available in the Lower Congo and Kwanza Basins.
Greenfield exploration prospects in Angola include promising deepwater and onshore blocks with significant untapped potential. The country’s deepwater areas, including the Namibe and Benguela Basins, offer frontier opportunities backed by extensive seismic data. Angola’s upstream regulator, the National Oil, Gas & Biofuels Agency (ANPG), is evaluating proposals for nine blocks in the Kwanza Basin and recently awarded Oando operatorship of Block KON 13.
In parallel, Angola’s brownfield investments provide attractive prospects for companies looking to leverage existing infrastructure. Established production blocks in the Kwanza and Lower Congo Basins benefit from well-developed logistics and petroleum systems. ExxonMobil’s recent discovery at Block 15 and its partnership with TotalEnergies to assess Blocks 17/06 and 32/21 highlight the increasing interest in brownfield assets.
With Angola’s commitment to incentivizing both greenfield and brownfield developments, the country is positioning itself as a key investment hub in Africa’s energy sector.
Source: Energy Capital and Power
