Afentra CEO Paul McDade
Afentra continues Angolan portfolio expansion
The UK independent sees Block 3/05 as key to its growth ambitions in Angola’s maturing upstream
London-listed Afentra has its sights set firmly on Angola’s upstream. The company is in the process of acquiring interests in Angolan blocks 3/05 and 23 from NOC Sonangol, along with the purchase of further stakes in blocks 3/05 and 3/05A from the Azule joint venture. Afentra CEO Paul McDade spoke to Petroleum Economist about the progress of those deals and also discussed doing business in Angola and other company activities. Afentra had originally hoped to complete the Sonangol deal in Q3 2022. Why was that date subsequently pushed back? McDade: The extension of the licence [out to 2040] was the main condition precedent to completing the Sonangol deal. And while that process took longer th
Also in this section
27 February 2026
LNG would serve as a backup supply source as domestic gas declines and the country’s energy system comes under stress during periods of low hydropower output and high energy demand
27 February 2026
The assumption that oil markets will re-route and work around sanctions is being tested, and it is the physical infrastructure that is acting as the constraint
27 February 2026
The 25th WPC Energy Congress to take place in tandem as part of a coordinated week of high-level ministerial, institutional and industry engagements
27 February 2026
The deepwater sector must be brave by fast-tracking projects and making progress to seize huge offshore opportunities and not become bogged down by capacity constraints and consolidation
