ANPG, the national concessionaire for Angola, holds mineral rights for the exploration, development and production of liquid and gas hydrocarbons in the West African country, and has announced it will launch a bid round for the award of exploration and production rights for a total of 10 blocks in the following areas offshore Angola:
Namibe Basin—Blocks 11, 12, 13, 27, 28, 29, 41, 42 and 43
Benguela Sub-Basin—Block 10
The blocks, which are all considered frontier, currently have no hydrocarbon production. During the upcoming roadshow presentations, ANPG will present technical details regarding the round, provide an overview of the geology of the blocks on offer, discuss fiscal terms, potential hydrocarbon reserves, the timeline for the rounds, qualification requirements and submission guidelines. Several seismic vendors with seismic coverage of the blocks on offer will also be present.
Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/16082019/ihs-markit-to-host-angolas-licensing-round-promotions-for-10-hydrocarbon-blocks/