Afentra expects its deals with Ina to be approved by the Angolan government in the second half of this year
Afentra continues Angola expansion
The London-listed independent has bought two more stakes in Angolan blocks
London-listed Afentra has signed SPAs with Croatia’s Ina to acquire a 4pc stake in block 3/05 and a 5.33pc stake in block 3/05A in Angola. The deal “provides additional exposure to proven assets with significant upside”, says Afentra CEO Paul McDade. The firm has explicitly linked this latest deal to its acquisitions from Sonangol earlier in the year, which included buying 20pc of block 3/05 from the state-owned oil company. Afentra now owns 24pc of the block, which it describes as “a mature, shallow-water production asset with material upside” in the Lower Congo basin. The UK independent has agreed to pay Ina an initial $9mn for its new stake in block 3/05, plus an additional $10mn once the
Also in this section
14 April 2026
The GECF has warned it may revise its projections for demand this year downwards in light of conflict in the Middle East, although it maintains its forecasts for 2027 and onwards
13 April 2026
Petroleum Economist analysis highlights sharp shift from crude oversupply to market deficit, with Iraq and Kuwait badly affected and key producers Saudi Arabia and the UAE also seeing output sharply lower
13 April 2026
Turkmenistan is moving ahead with a modest expansion of the giant Galkynysh field to sustain gas deliveries abroad, but persistent delays to other key pipeline projects and geopolitical risks continue to constrain its export ambitions
13 April 2026
Expensive electricity has forced out swathes of energy-intensive industry and now threatens the country’s ability to attract future investment in datacentres and the digital economy
