HOUSTON—Potential investors wanting a look at what acreage offshore Angola could offer in terms of hydrocarbon riches got a chance to hear from officials of the country’s newly formed National Agency of Petroleum, Gas and Biofuels (ANPG) on Sept. 10.
ANPG, which took over the role of concessionaire from state-run Sonangol earlier this year, showcased 10 blocks in frontier areas that will be offered when the country officially launches its offshore bid round in October. The blocks—which include shallow water, deepwater and ultradeepwater—are mostly located in the Namibe Basin. One block is located in the Benguela Basin, south of the Kwanza Basin and north of the Namibe Basin.
“We believe we will be successful with this exploration campaign,” Natacha Massano, executive board member for ANPG, said after highlighting some of the country’s major discoveries through the decades during the Houston stop of the roadshow. But “Expanding geological knowledge is something that we want to achieve. We want to guarantee that Benguela continues to have petroleum prospectivity. It is also our objective to replace our reserves; it’s our objective to stimulate investment.”