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Issue 406 - 19 December 2019

Angola: Total takes on Cobalt blocks

Subscriber

Total has signed a sale and purchase agreement with Sonangol worth at least $500m to acquire interests in Kwanza Basin blocks 20/11 and 21/09. The blocks were previously operated by Cobalt Energy International, which drilled the Cameia, Mavinga, Bicuar and Golfinho discoveries.Subject to approvals, Total will acquire a 50% working interest, alongside Sonangol (20%) and BP (30%), in Block 20/11, in water depths ranging from 300 to 1,700 metres, and an 80% working interest alongside Sonangol (20%) in Block 21/09, in water depths ranging from 1,600 to 1,800 metres.

Angola
Issue 404 - 21 November 2019

Angola: Eni takes two new blocks

Subscriber

Eni has signed contracts with the Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG) for offshore Block 1/14 and the onshore Cabinda Centre Block. Eni will operate 1/14 with a 35% stake, in consortium with Equinor (30%), Sonangol P&P (25%) and Acrep (10%). The Italian major will also operate Cabinda Centre with 42.5%, alongside ExxonMobil with 32.5% and Sonangol P&P with 25%.

Angola
Subscriber

Angola-registered Aenergy, owned by Portuguese businessman Ricardo Leitão Machado, is appealing against what it describes as the “unilateral and unjustified termination” of 13 contracts. In a strongly worded statement published on 8 November, the company said it had requested on 23 September that the attorney general investigate the decision and filed an administrative appeal on 7 October.

Angola
Issue 404 - 21 November 2019

Angola: Eni signs solar plant concession

Subscriber

Eni and the government of Angola signed a concession agreement in Rome on 13 November for a 50MWp PV plant in Namibe province, where Eni supports rural development projects. The plant will be built by Solenova, a renewable energy joint venture between Eni and Sonangol, and will be connected to the transmission grid in the south of the country. The implementation of the 25MWp first phase will allow a reduction in diesel consumption estimated at around 13,500m3/yr, reducing electricity production costs and cutting greenhouse gas emissions by around 20,000 t/yr of CO2 equivalent, Eni said.

Angola
Issue 404 - 21 November 2019

Angola’s refinery plans face challenges

Subscriber

Angola’s Ministry of Mineral Resources and Petroleum has laid out plans to increase oil refining capacity to 435,000 b/d by 2025 from just 75,000 b/d at present. State-owned Sonangol, whose entire board was unceremoniously sacked by President João Lourenço in May over its response to crippling fuel shortages, has been tasked with building three new refineries with private partners. These are a 60,000 b/d refinery in Cabinda and a 100,000 b/d refinery at Soyo, both in the far north, and the long-delayed two-phase 200,000 b/d Lobito refinery project in southern Benguela province.

Angola
Subscriber

Changes of president in Luanda and Kinshasa have not so far delivered any progress in the long-running maritime border dispute between the two countries, but Congolese experts say they are hopeful of movement in the coming months to agree a common border and obtain United Nations approval for it.President Felix Tshisekedi has said he hopes to exploit deep-water oil resources to finance his development plans and fund his free education pledge.

DR Congo | Angola
Issue 401 - 11 October 2019

Angola: ANPG sets out bid round terms

Subscriber

The new Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG) on 2 October published bidding parameters for the ten blocks in the 2019 bid round. The terms, published on the ANPG website, include a carried 20% stake for state oil company Sonangol in each block. Biddable terms for each block include the signature bonus, social projects contribution, number of wells and amount of seismic data to be collected.

Angola
Subscriber

More than 20 years ago, African Energy was reporting on hopes for exploration outside the Lower Congo Basin. Issue 1, in April 1998, reported plans for a licensing round to offer blocks 26-30, backed by 2D seismic from Western Geophysical, but the focus at the time was on the big signature bonuses expected for blocks 31-33, badly needed by the government and Sonangol as civil war continued onshore.

Angola
Subscriber

Angola has announced details of a forthcoming licensing round offering blocks in the Namibe and Benguela basins. The round is the first outing for the new Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG), created from splitting Sonangol’s roles as concessionaire and equity holder, and a first test for whether last year’s reforms to the country’s oil and gas laws can attract new licensing interest. The blocks on offer are Block 10 in the southern Benguela Basin and blocks 11, 12, 13, 27, 28, 29, 41, 42 and 43 further south in the Namibe Basin.

Angola
Issue 399 - 13 September 2019

Angola: Aenergia contracts revoked

Subscriber

Angola’s Ministry of Energy and Water has notified Angolan company Aenergia SA of its intention to terminate contracts for the installation, technical assistance and maintenance of power plants in the country. A presidential order on 23 August gave the ministry permission to terminate the contracts, settle accounts with Aenergia, take possession of equipment and conclude agreements with GE to ensure contract implementation. The contracts, which were financed through a loan to the government by GE Capital Ltd, were approved by the ministry in July and August 2017.

Angola
Issue 398 - 30 August 2019

Angola: M&P takes Ajoco stakes

Subscriber

France’s Maurel & Prom has entered Angola with the acquisition of 20% of blocks 3/05 and 3/05A previously owned by Mitsubishi subsidiary Angola Japan Oil Company Ltd (Ajoco). The licences are two producing and development blocks in shallow water operated by Sonatrach. The Angolan government published an official decree recognising the transfer on 4 June and the acquisition was finalised at the end of July.

Angola
Issue 398 - 30 August 2019

Angola: Soyo refinery tender

Subscriber

The Ministry of Mineral Resources and Petroleum has announced that an international public tender will be launched this year for the construction of an oil refinery at Soyo in the northern Zaire province to be developed with private capital.An official notice dated 26 August said the ministry would announce tender details on its website shortly, including the bidding timetable and project specifications. Angola imports most of its fuel products, with the Luanda refinery meeting just 20% of demand.

Angola
Subscriber

Reforming the oil and gas sector to attract investment and increase production has been a central priority of João Lourenço’s presidency. State oil and gas firm Sonangol boosted its earnings in 2018, fired by higher oil and gas export prices but serious problems face the company as it seeks to reverse production declines from maturing offshore assets.Sonangol’s 2018 annual report, published on 19 July, said total pre-tax earnings for the year accelerated to Kz1.1trn ($3.18bn), a 76% increase from the Kz625.2bn posted in 2017.

Angola
Subscriber

As well as developing the regulatory and legislative environment, the government has produced significant planning documents to guide developments in the power sector. The overarching strategy is laid out in the 207-page Angola Energia 2025, which includes demand planning, priority generation, transmission and distribution projects, energy mix scenarios and a resource atlas. Medium-term strategy is guided by the 2018-2022 Action Plan for the Energy and Water Sector.

Angola
Subscriber

There has been material progress reforming Angola’s opaque and nepotistic energy sector over the past year. Considerable work has gone into crafting new power sector regulations, and there have been notable changes to upstream licensing and the role of state oil and gas giant Sonangol, as well as important reforms to the downstream hydrocarbons sector. Investors and analysts canvassed by African Energy were impressed by the extent of the changes, although plenty of problems remain to be resolved.

Angola