Angola extends deadline for bidding for onshore oil blocks

17 September 2015

Angolan state oil company Sonangol has extended the deadline for submitting proposals for oil exploration of 10 onshore blocks to 1 October, the government said Wednesday in a statement published in Luanda.

The auction is for oil exploration blocks in the onshore basins of the Kwanza (seven) and Congo (three) rivers which, according to Sonangol, may account for more than half the known oil reserves in Angola, or at least 7 billion barrels .

The previous deadline, according to the announcement made by the Angolan government in July, was 18 September, and the results were due three days later, on 21 September.

Among the 37 companies pre-qualified to act as operators are Sonangol Sinopec International, based in Hong Kong, as well as Italy’s ENI, US company Chevron, Colombia’s Ecopetrol and Portugal’s Galp Energia.

In the tender for non-operators (minority contractors in groups to be set up for each block) according to the same information, 48 companies have been pre-qualified. (macauhub/AO/CN/PT)