Angola will launch its next oil and gas licensing round in 2025 and is inviting US-based exploration and production companies to invest in upcoming block opportunities. Part of a six-year licensing round launched in 2019, the country concluded a 12-block tender in January 2024 and is currently finalizing production sharing negotiations.
Speaking during a networking function hosted by Angola Oil&Gas (AOG) 2024 in Houston on March 19, Secretary of State for Oil&Gas, H.E. José Alexandre Barroso said: “For us it is very important to be here, promoting the opportunities in the Angolan oil and gas sector.”
He continued: “Although we recognize the importance of the energy transition, we do believe that both hydrocarbons and renewables can work together, and therefore we are still looking for investment in the oil sector while trying to make this industry cleaner, making sure that we acquire the newest technology to lower carbon and methane …