Angola new licensing agency will offer 10 oil and gas blocks in the first of several auctions it plans in a 6-year strategy.
Paulino Jeronimo, chief executive officer of the National Agency of Petroleum, Gas, and Biofuels (ANPG) said at a conference in Luanda that tendering will begin in October.
On offer are Blocks 11, 12, 13, 27, 28, 29, 41, 42, and 43 in the Namibe basin and Block 10 in the Benguela basin.
ANPG plans presentations during September in Houston, London, and Dubai.
The public auction will be Angola’s first since an offering of presalt blocks in 2011.
ANPG said it will offer as many as 55 blocks—31 through public bidding in 2019, 2020, and 2023 and the rest through direct negotiation—by 2025.
It plans this year to launch Angola’s first-ever marginal fields bidding round.