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
24 December 2025
As activity in the US Gulf has stagnated at a lower level, the government is taking steps to encourage fresh exploration and bolster field development work
23 December 2025
The new government has brought stability and security to the country, with the door now open to international investment
23 December 2025
A third wave of LNG supply is coming, and with it a likely oversupply of the fuel by 2028
22 December 2025
Weakening climate resolve in the developed world and rapidly growing demand in developing countries means peak oil is still a long way away
