SCM Staff Writer I Friday, October 03, 2025
CAPE TOWN, SA – Angola is on track to award 60 oil and gas concessions by the end of 2025, exceeding its initial licensing targets and positioning the country for a significant injection of capital, according to the National Oil, Gas & Biofuels Agency (ANPG).
Speaking at African Energy Week: Invest in African Energies 2025, Alcides Andrade, Executive Administrator at the ANPG, revealed that Angola has already met its goal of granting 50 concessions through a combination of annual licensing rounds and direct negotiation.
”Since 2024, we have awarded more than 20 blocks. This has amounted to more than 50 blocks. We see the potential to award up to 60 concessions by the end of this year,” Andrade stated. This acceleration is a direct result of the country’s multi-year licensing round launched in 2019 and a six-year strategy aimed at bolstering investment.
$70 Billion Capital Expenditure Expected
The ANPG’s strengthened fiscal policies and reform efforts are expected to unlock substantial upstream spending. Andrade announced that Angola anticipates seeing up to $70 billion in capital expenditure over the next five years, making it a top African destination for investment in exploration and production.
”We have acted to bring additional reforms to incentivize investment in exploration,” he said, noting that several operators are either drilling wells or preparing to drill next year to advance onshore exploration.
Production and Gas Milestones
The regulator is driving initiatives to sustain oil production above one million barrels per day. The year 2025 has seen crucial project milestones, with three major developments starting production: Agogo, Begonia and CLOV Phase 3. These projects are key to maximizing resources across Angola’s offshore basins.
On the gas front, Angola is moving forward with its Gas Master Plan to unlock vast non-associated gas reserves. The country’s first non-associated gas project, Quiluma and Maboqueiro—a venture by the New Gas Consortium—is slated to come online in late-2025.
Andrade underscored the scale of the country’s gas potential, stating, “We believe that we have more than 38 trillion cubic feet (Tcf) of gas potential in the country.” The discovery at Block 1/14 further highlights the significance of gas in Angola’s future energy mix, with the ANPG actively studying the potential and looking at ways to incentivize operators to monetize both non-associated and associated gas from currently producing oil blocks.
