{"id":48069,"date":"2026-10-15T13:16:02","date_gmt":"2026-10-15T11:16:02","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=48069"},"modified":"2026-10-15T13:16:02","modified_gmt":"2026-10-15T11:16:02","slug":"angola-aims-for-faster-oil-gas-concessions-as-part-of-new-regulatory-revamp","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/angola-aims-for-faster-oil-gas-concessions-as-part-of-new-regulatory-revamp\/","title":{"rendered":"Angola aims for faster oil, gas concessions as part of new regulatory revamp"},"content":{"rendered":"<div>\n<p class=\"x_MsoNormal\">Angola intends to implement faster exploration concessions from next year as part of a \u200bnew long-term hydrocarbon strategy that aims to attract \u200cinvestment and stimulate oil and gas production, a senior government official said on the sidelines of an energy conference in \u200bCape Town, South Africa.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">The 25-year plan seeks \u200bto build on regulatory reforms that have seen \u2060oil companies, including TotalEnergies and Eni, recently commit billions of \u200bDollars to projects in Sub-Saharan Africa&#8217;s second-largest oil producer \u200bafter Nigeria.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">Angola intends to drop its multi-year oil and gas auction rounds and will open up more than 100 blocks, mainly \u200bonshore, as soon as the plan is passed \u200blater this year, said Alcides Andrade, a board member at the \u200cNational \u2060Agency for Petroleum (ANPG), Gas and Biofuels, late on Wednesday<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">He said ANPG wanted to reduce the time taken to award concessions, aiming for a three-month process versus the \u200bcurrent six \u200bmonths.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">On exploration,\u00a0\u2060it will not be a &#8220;one-size-fits-all&#8221; approach on terms and conditions, but rather a risk-profile-based\u00a0\u200bmodel that distinguishes between marginal or mature\u00a0\u200bfields\u00a0\u2060and onshore versus deep-water blocks, for example.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">Drilling more exploration wells will hopefully lead to higher crude production over \u2060the long \u200bterm, Andrade said, as Angola \u200baims to grow its current oil output of around 1 million barrels \u200bper day.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">&#8211;Reuters&#8211;<\/p>\n<\/div>\n","protected":false},"featured_media":20970,"template":"","meta":{"_acf_changed":false,"_members_access_role":[],"_members_access_error":"","_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-48069","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":"","news_description":"Angola intends to implement faster exploration concessions","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/48069","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":2,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/48069\/revisions"}],"predecessor-version":[{"id":48071,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/48069\/revisions\/48071"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/20970"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=48069"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=48069"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}