General Interest

Afentra acquires onshore Angolan asset

July 26, 2024

Afentra signed an award for onshore Angola license KON 19 with ANPG.

Afentra PLC signed an award for onshore Angola license KON 19 with Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG).

The 25,000-sq km license lies in Kwanza basin and contains numerous oil fields and discoveries dating back to 1955. Both KON15 and KON19 blocks show good signs of a working petroleum system, Afentra said in a release. The blocks are adjacent to legacy oil fields currently being appraised for potential re-development, as well as existing infrastructure, the company noted.

Afentra has been assigned a 45% non-operated interest in KON 19. ACREP is operator (45%) and Enagol holds the remaining 10%.

About the Author

Alex Procyk | Upstream Editor

Alex Procyk is Upstream Editor at Oil & Gas Journal. He has also served as a principal technical professional at Halliburton and as a completion engineer at ConocoPhillips. He holds a BS in chemistry (1987) from Kent State University and a PhD in chemistry (1992) from Carnegie Mellon University. He is a member of the Society of Petroleum Engineers (SPE).