Angola’s National Oil, Gas, and Biofuels Agency (ANPG) has announced a new Board of Directors, established by Presidential Decree on Monday, with the goal of attracting fresh investment to the country’s oil and gas sector. While Chairman Paulino Jerónimo continues his tenure for a second term, Nicola Isabel dos Santos Lemos de Mvuayi, Artur Manuel Custódio, Ana Rosa da Costa Nhanga Miala, and Alcides Fernandes Mendes de Andrade have been appointed as ANPG administrators.
These new board members bring extensive experience from Angola’s energy and finance sectors and are tasked with encouraging foreign investment in the sector, promoting local involvement, and enhancing human capital development. A key focus of the new Board of Directors will be expediting upstream exploration activities and building upon the success of Angola’s recent licensing rounds, as outlined in the country’s Hydrocarbon Exploration Strategy 2020-2025.
Recently, the ANPG announced the outcomes of its 2023 tender for onshore blocks in the Congo and Kwanza Basins, qualifying nine companies as operators and five as non-operators. Angola has witnessed significant interest in both its onshore and offshore areas, with 53 bids received for the 12-block round, attracting a diverse range of independent and local explorers. Negotiations for Production Sharing Contracts (PSCs) are expected to commence shortly.
The change in leadership at the ANPG underscores its dedication to advancing Angola’s oil and gas industry, ensuring sustainable growth and development of the nation’s most critical sector.
What do you think?
The financing deal is a significant milestone in the project’s progress, and it is a credit to the company’s leadership and team for their tireless efforts in making this vision a reality. The company’s dedication to sustainability and environmental consciousness is a shining example for others in the industry to follow.
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