ANPG discusses frontier offshore blocks

Representatives of the National Agency of Petroleum, Gas, and Biofuels of Angola (ANPG) discussed details of ANPG’s latest exploration and production bid round covering 10 frontier offshore blocks during a road show stop in Houston on Sept. 10.

Representatives of the National Agency of Petroleum, Gas, and Biofuels of Angola (ANPG) discussed details of ANPG’s latest exploration and production bid round covering 10 frontier offshore blocks during a road show stop in Houston on Sept. 10.

The latest bid round involves blocks in the following areas:

• Namibe basin—Blocks 11, 12, 13, 27, 28, 29, 41, 42, and 43.

• Benguela subbasin—Block 10.

The blocks currently have no oil and natural gas production. ANGP representatives said seismic data interpretation has helped petroleum engineers identify horsts and grabens associated with Barremian rifting as well as Albian salt tectonics. Tertiary depocenters and turbiditic channels also have been identified, ANPG representatives said.

Contracts cover 5 years for exploration periods and 25 years for production periods.

IHS Markit assisted ANPG in the bid round after having last hosted round promotions for Angola in 2005, and 2007-08, which led to the largest signing bonuses on record for individual blocks.

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