News Release

Following Successful Promotional Roadshows, ANPG of Angola Publishes Fiscal Terms and Bid Rules, Starting Countdown to November 12, 2019, Bid Deadline

Following Successful Promotional Roadshows, ANPG of Angola Publishes Fiscal Terms and Bid Rules, Starting Countdown to November 12, 2019, Bid Deadline

October 02, 2019

Bids will be opened in a public session November 13, 2019, in Luanda

HOUSTON (Oct. 2, 2019) –The National Agency for Petroleum, Natural Gas and Biofuels of Angola (ANPG) has announced the terms of reference, bidding rules and qualification criteria of its 2019 bid round, starting the countdown to a Tuesday, November 12, 2019, deadline for operators and interested parties wishing to bid on the 10 frontier blocks located in the Namibe and Benguela Basins.

The announcement follows a series of promotional presentations in Luanda, Houston, London and Dubai held last month, which drew more than 500 industry representatives. Global business information provider IHS Markit (NYSE: INFO), hosted the 2019 Bidding Round Roadshows for ANPG, and has hosted previous ones in 2005, and 2007-2008, which led to the largest signing bonuses on record for individual blocks.

The nine blocks on offer in the Namibe Basin include—11, 12, 13, 27, 28, 29, 41, 42 and 43. The single block on offer in the Benguela Basin is block 10. All are considered frontier and currently have no hydrocarbon production.

According to ANPG, all bids must be submitted by 5:30 p.m. Luanda time (GMT+1), November 12, 2019, in a sealed envelope. All proposals received after November 12, 2019, will be deemed null and void.

Companies must deliver all bids directly to the office of the Director of Negotiation, Edificio Torres do Carmo-Torre 2, 5 th Floor, Rua Lopes de Lima, Municipio de Luanda, Luanda- Republica de Angola; Tel. 226 428 577. Bids should be sent to the attention of Paulino Jerónimo, Chairman of ANPG; Ref.: Proposta - Ronda de Licitações 2019.

All bids will be opened in a public session Wednesday, November 13, 2019, at a time and location to be announced in due course.

The ANPG Bid Announcement for the Award of Petroleum Concessions includes: 1) Bidding rules and procedures 2) Requirements for a non-operator associate of the national concessionaire 3) Requirements for an operator associate of the national concessionaire 4) HSE requirements 5) Terms of reference for the offered blocks, and 6) Annexes: Bid and qualification templates.

For the full details on ANPG bid submission requirements, timelines and templates, please visit the bid round website . For interested parties who were unable to attend the roadshows, ANPG has also made the promotional presentations available on the website . If you have questions about the ANPG licensing round, please e-mail ANPG directly at .

ANPG, the national concessionaire of Angola, holds mineral rights for the exploration, development and production of liquid and gas hydrocarbons in the West African country. The ANPG main website is available here .


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