Welcome to our strategic involvement in Angola's burgeoning energy sector. As a member of consortiums for three key onshore oil opportunities, we are at the forefront of supporting Angola's government initiative to privatize oil & gas businesses. This endeavor is not only about tapping into energy resources but also about fostering local economic growth and workforce development.

 

The R2 family has been deeply rooted in Angolan commerce for over three decades, establishing significant local connections. Historically focused on sectors beyond energy, we are now expanding our horizon. Our current endeavor involves a collaborative partnership with industry experts, focusing on sustainable onshore oil drilling in Angola. This move signifies our continued commitment to responsible energy development, aligning with our dedication to sustainable business practices and economic empowerment in Africa. Contact us to learn more about this exciting venture and our broader vision for energy and commerce in Africa.

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The National Oil, Gas, and Biofuels Agency (ANPG) of Angola is responsible for supervising, regulating, and promoting activities in Angola’s oil and gas sector. The agency's objectives include increasing political coordination, enhancing process efficiency, and facilitating ideal conditions to attract investments.

 

Established in 2019, ANPG aims to boost Angolan production through new agreements and the development of exploration activities. Key tasks include consolidating and optimizing regulatory and supervisory functions, intensifying reserve replacement to mitigate hydrocarbon production decline, implementing Health, Safety, and Environment (HSE) policies, and focusing on the development of human capital. The agency also plays a significant role in tendering oil and gas blocks, with an operational goal of tendering more than 50 blocks between 2019 and 2025 (source: The Energy Year).

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Angola's state oil company Sonangol has begun its first onshore oil drilling operation in Luanda, marking a significant move in the country's oil production strategy. This initiative aims to reactivate oil and natural gas production in the Kwanza Onshore Basin. The well being drilled is expected to contain around 66 million barrels of light oil. The reactivation comes 27 years after operations in the area were deactivated. This new operation is a major step for Sonangol, which primarily produces oil in offshore locations, as onshore drilling is generally cheaper than offshore.

 

The Angolan government prioritizes local enterprises in tenders to bolster the domestic economy.