By Wendell Roelf
CAPE TOWN, Nov 7 (Reuters) - Angola expects to announce the
winners of its 2019 oil and gas licence auction round in April
as part of a multi-year plan to boost declining output, a senior
executive at the National Agency of Petroleum, Gas and Biofuels
(ANPG) said on Thursday.
The current bid round for 10 blocks closes next week, ANPG
said on Wednesday.
"By April 2020 we expect to award the contracts for the
current licensing rounds in the Benguela and Namibe basins,"
ANPG board member Belarmino Chitangueleca said.
Its 2020 licensing round will begin with a January
announcement of an intention to launch a public tender before
submissions and opening of proposals around July next year, he
said.
"Next year we do all onshore (blocks) and by December 2020
we will be signing contracts," Chitangueleca told Reuters on the
sidelines of an African oil and gas conference in Cape Town.
A presidential decree this year appointed ANPG to replace
state-owned oil company Sonangol as the agency responsible for
energy concessions.
Angola is Africa's second biggest oil exporter after
Nigeria.
It plans licensing rounds in 2020, 2021, 2023 and 2025,
According to an ANPG brochure showed.
Angola aims to award up to 50 oil and gas blocks by 2025,
with new blocks located in ultra-deep and deep waters, as well
as onshore, Chitangueleca said.
It is currently producing around 1.4 million barrels of oil
per day and is improving oil recovery to maintain "or at least
arrest" further declines until new production comes online,
Chitangueleca said.
Major oil companies active in Angola include Total
, Chevron, BP and ExxonMobil.
Chitangueleca said marginal fields not previously developed
were also being brought into production.
"What we hope to do now is not to go above 2 million bpd but
to stay above 1.4 million barrels until these big blocks (come
onstream). We are sure we are going to get new production within
five to seven years at a bigger scale," he said.
(Reporting by Wendell Roelf; editing by Jason Neely)
BP (BP.)
