ANPG Licensing Round Projection
In June 2019, a seven-year program of licensing rounds was announced by the newly formed ANPG (Agência Nacional de Petróleo, Gás e Biocombustíveis).
Specific blocks and basins will be assigned to each License Round continuing until 2025, as shown in the figure below for offshore Angola. According to Presidential Decree 52/19, which defines the general strategy for the allocation of petroleum concessions, the blocks will be awarded by public tender, restricted public tender, and direct negotiation with clear timelines put in place.
PGS data provides a solid foundation to build a regional understanding of the hydrocarbon potential offshore Angola for both pre- and postsalt exploration. Geoscience studies are available to companies to fast-track geological understanding and derisk petroleum systems and plays ahead of bid applications.
The initial 2019 Bid Round opened in early October 2019 and covered the frontier Namibe and Benguela basins. Bids were received in early November and contracts are planned to be finalized by April 2020. The results of the License Round showed significant interest from multiple companies with major operators submitting bids for new acquisition and exploration drilling.
In July 2020 ANPG announced further details on the scheduled 2020 Licensing Round. ANPG will host clarification sessions for companies interested in hydrocarbon exploration and production as part of the 2020 bidding process for the Lower Congo and Kwanza terrestrial basins. The agenda includes the legal and contractual framework of the blocks under bid, commercial terms, tax incentives, data package details, and the promotion of local content. Regulations will be published and the bid round officially launched in September/October 2020 with the deadline to submit bids in March. Six licenses onshore Kwanza Basin and three licenses onshore Lower Congo Basin will be on offer as part of the Licensing Round.
PGS data covers most opportunities available for the 2021 Bid Round in areas of the shallow water offshore Kwanza Shelf and the Lower Congo Basin.
Our latest Kwanza shelf acquisition will provide key data for the 2021 bidding. The fast-track dataset is now available for viewing. The combination of 3D GeoStreamer technology with modern imaging techniques is expected to unlock plays in shallow Kwanza shelf open blocks. The dataset over Block 16, also in the 2021 Bid Round, supports further exploration of an offshore area that is surrounded by numerous oil and gas discoveries. Data quality is high and designed to expand understanding of the geological framework and hydrocarbon potential of Block 16.
The Angola MegaSurvey in the Lower Congo Basin is a regional dataset that can be used to screen areas quickly ahead of the 2021 License Round for future exploration. The MegaSurvey provides useful information on regional thickness trends, structural setting, depositional environments, and play fairways. Companies can high-grade areas for further exploration, including new acquisition and potential reprocessing.
PGS has a number of MultiClient 3D datasets over Block 24 and 25, which are included in the 2025 Bid Round. These 3D datasets have been converted into a modern multi-azimuth 3D volume, providing broader bandwidth presalt illumination. The Kwanza 3D GeoStreamer data is ideal for prospect identification and analysis over Blocks 38 and 39 also on offer in 2025. High-quality data provides excellent imaging of the presalt structures and sediments, syn-rift, and sag-phase sediments.