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 al
Welcome to the PE Media Network
In 2021 Petroleum Economist is joined by Hydrogen Economist and Transition Economist to form the only genuinely comprehensive intelligence service covering the global energy industry
To celebrate the launch of our two new channels we are making Hydrogen Economist and Transition Economist free to everyone for a limited time only