The New Step for Angola’s Offshore Upstream – Updates from Mr. Sebastião Pai Querido Gaspar Martins, 

Chairman of the Board of Directors, Sonangol E.P. Angola

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Information Agency: Offshore Focus   2023-6-29

Dear colleagues,

On early May, TotalEnergies EP Angola, a subsidiary of France’s energy giant TotalEnergies, has promoted a new step for blocks 20 and 21 in the Kwanza offshore basin of Angola. The top management of ANPG, Sonangol, TotalEnergies witnessed this important milestone, and all targeted a final investment decision this year.

It is part of the execution of Angola 2019-2025 (6 year) New Concession Award Strategy, which are including:

1. Expand geological knowledge of Angola and its petroleum potential;

2. Increase hydrocarbons discoveries;

3. Increase competition within the industry and encourage a fair return on investments;

4. Promote direct foreign investment in the Angolan petroleum industry in order to expand local know-how and international governance practices;

5. Promote natural gas exploration through the inclusion of dedicated minimum work obligations when awarding new areas.

As the second largest oil producer in Africa, Angola is always aiming to increase exploration and maintain high levels production. Since 2020, Angola organized the 2020 Bidding Round, Third and latest bid round 2021/2022, and is panning Future Tender 2025 which are all included offshore blocks. And how about the latest achievement for the national hydrocarbon exploration strategy?

Recently, Mr. Sebastião Pai Querido Gaspar Martins, Chairman of the Board of Directors, Sonangol E.P. Angola confirmed to join the West Africa Offshore Upstream Conference 2023 (December 5-6th, Abuja, Nigeria) and will deliver a keynote speech.

ØØ want to know more? Click here to join us now!

Sonangol E.P. Angola is the National Oil Company of Angola, here are part of its active offshore blocks now:

>> USD 500 Super Early Bird Discount before July. 15th, 2023

Huge investment opportunities in offshore upstream activities of Angola:

ü  Seismic

ü  Oilfield Services

ü  Rig Supply and Leasing

ü  Drilling Services

ü  EPCI/Engineering Consulting

ü  Subsea Contractors and Equipment & Services

ü  OSV Owner and Equipment & Services

ü  Allied Services (Investment, Consulting, Accounting, Law, 3^rd-party Inspection, etc.)

ü  Other Equipment Supplies (Rigs, FPSOs, FSOs, EPF, Heavy Lift, etc.)

ü  …

About the West Africa Offshore Upstream Conference 2023：

In the post-pandemic era, the rising oil prices, the discoveries of significant offshore oil and gas fields of West Africa region, and aims of accelerating monetization of regional hydrocarbon by 2050 have driven demand for active offshore upstream exploration in West Africa. Recently, Nigeria and Sierra Leone held new round of offshore bidding separately, Ghana is planning for new deep offshore bidding now. During 2019 to 2022, the West African countries such as Angola, Côte d’Ivoire, Senegal, Equatorial Guinea, Congo, Liberia, Gambia, either launched bidding round or opened for direct negotiation for untapped blocks. Meanwhile, projects in several West African countries are heading for FID in 2023. What is status of different projects in West Africa countries? What challenges and concerns of the government, NOCs and IOCs and how could involve in the projects? The West Africa Offshore Upstream Conference 2023 (December 5-6th, Abuja, Nigeria) is committed to gathering the most related players for the hottest topics and projects, and to building a comprehensive platform for information sharing, highly-level communication, and best practices showcasing.

 To Be Speaker     To Be Sponsor     To Be Exhibitor

If you are interested, you can email me (lillianl@ltsinnovate.com) or register your interest.

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