Sonangol opens counter to help companies applying for oil blocs in Angola

24 August 2015

Sociedade Nacional de Combustíveis de Angola (Sonangol) has opened a counter to help companies pre-qualified for the auction of ten land oil blocs in the Lower Congo and Cuanza River basins, the state-owned company announced in a statement.

The counter will be staffed by technical personnel from different areas of Sonangol. Its aim is to deal with requests by companies made eligible during the so-designated 2014/2015 Bidding process, indicates the statement released on Friday in Luanda.

The counter operates in Luanda’s Sonangol building and is open from 24 August to 18 September, the deadline set in July for the 48 companies pre-qualified in April to submit bids.

The list of 85 companies pre-qualified to bid for ten new oil blocs includes companies either owned or with stakes involving capital from Sonangol, Sinopec (consortium involving the Angolan and Chinese state companies), Somoil and Grupo Gema.

Sonangol, Sinopec and Somoil are seeking to obtain licenses as operators (companies responsible for leading projects), while Grupo Gema qualifies as a non-operator.

The Portuguese companies Galp Energia and Partex, Italy’s ENI, America’s Chevron and Colombia’s Ecopetrol are also competing for operator licenses, while Brazil’s Petrobras is seeking a non-operator license after the pre-qualification.

The bidding is by means of an auction of blocs to exploit oil in the land basins of the Cuanza (seven) and Congo (three) Rivers. The results should be announced on 21 September. (Macauhub/AO/BR/CN/PT)