ANPG Unveils $70 Billion Investment Portfolio for Angola’s Oil Sector
The National Oil, Gas, and Biofuels Agency (ANPG) has revealed an investment portfolio of approximately $70 billion for Angola’s oil industry over the next five years.
Announced by Helder Iombo, Director of Negotiations at the ANPG, on September 3 during the first day of the Angola Oil & Gas (AOG) 2025 conference and exhibition in Luanda, the investment comes as Angola prepares to launch a new licensing round in the fourth quarter of 2025, aiming to produce first gas by December of this year.
“We have a mature sector – with the Congo Basin establishing itself as the most prolific on the continent. We have over 30 production infrastructures in the country and also benefit from contractual stability,” stated Iombo.
The country has ten licensing opportunities for investors under the 2019-2025 round, including Blocks CON 5, 9, and 10 in the Lower Congo Basin and Blocks KON 5, 7, 17, 18, 20, 22, and 23 in the Kwanza Basin.
Additionally, the ANPG indicated the existence of seven oil wells ready for investment in the offshore basins of Kwanza, Benguela, and Namibe, with tenders expected for Blocks 22, 38, and 29 in the Kwanza Basin and Blocks 25 and 26 in the Benguela Basin.
According to the Chairman of the ANPG, Paulino Jerónimo, “What attracts investors are the changes made in the Angolan market, changes that allow exploration in marginal fields and in areas that are still underexplored.”
