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Angola’s national concessionaire the National Oil, Gas and Biofuels Agency (ANPG) has a new Board of Directors – as established by Presidential Decree on Monday – aimed at attracting new investment to the country’s oil and gas sector. While Chairman Paulino Jerónimo retains his position for a second term, Nicola Isabel dos Santos Lemos de Mvuayi, Artur Manuel Custódio, Ana Rosa da Costa Nhanga Miala, and Alcides Fernandes Mendes de Andrade have been appointed as ANPG administrators.
The new board members bring a wealth of experience across Angola’s energy and finance sectors and have been brought on to stimulate foreign investment in the sector, while fostering local participation and developing human capital. A primary focus of the new Board of Directors will be accelerating upstream exploration and building on the success of Angola’s latest licensing rounds, as part of the country’s Hydrocarbon Exploration Strategy 2020-2025.
Last month, the ANPG released the results of its 2023 tender for onshore blocks in the Congo and Kwanza Basins, qualifying nine companies as operators and five as non-operators. The country has seen tremendous interest in its on- and offshore acreage, receiving 53 bids for the 12-block round and attracting a wide range of independent and local explorers, with PSC negotiations set to begin soon.
The ANPG’s change in leadership demonstrates its commitment to advancing Angola’s oil and gas industry, ensuring sustainable growth and development of the nation’s most vital sector.
