Angola’s Sonangol to launch tenders for new oil concessions

4 September 2007

Luanda, Angola, 4 Sept – Angolan state oil company, Sociedade Nacional de Combustíveis de Angola (Sonangol), before the end of the year plans to launch its second set of public tenders to grant oil concessions in ten exploration blocs, the company said Friday.

Under the terms of a statement issued in Luanda, the tender, open to Angolan and foreign oil companies, will be for concessions in the Centro bloc of the Cabinda Onshore Zone and blocs 11 and 12 of the Kwanza Onshore Area.

The tender will also cover concessions in bloc 9 (shallow water), blocs 19, 20 and 21 (deep water) as well as blocs 46, 47 and 48 (ultra-deep water).

Sonangol said that the dates for the start and end of the tender, the pre-qualification and respective terms of reference would be announced in good time.

Sonangol is the concession-holder of oil and gas prospecting, surveying, development and production rights across the whole of Angola.

Angola is the second-largest oil producer in sub-Saharan African, after Nigeria, currently producing 1.4 million barrels of oil per day.

The country’s oil reserves are estimated at around 12 billion barrels.

The Angolan offshore area is split into 74 exploration blocs, but only some 30 are currently in operation. (macauhub)