Angola's upstream is back to business

With a new president elected, the country will be keen to bolster oil and gas exploration to compensate for flagging output from mature fields

Following a predictable victory for Eduardo Dos Santos' chosen successor João Lourenço in Angola's presidential elections, the country's oil minister has said he expects to launch an onshore licensing round once a new government is installed. The previous round was suspended in the run up to the election. Isabel Dos Santos, the head of state-run firm Sonangol, cancelled the country's onshore licensing round, which had awarded acreage in December 2015 to little-known and locally-based companies with little prospect of having the resources to develop it. The oil minister, José Maria Botelho de Vasconcelos, said a tender for fresh acreage in the Namibe Basin, offshore southern Angola, may also