Exploration & Production

All change as Sonangol loses concession-granting role

A new regulator will take over the licensing, management and supervision of blocks from 2019 as Angola grapples with declining oil and gas output A new regulator will take over the licensing, management and supervision of blocks from 2019 as Angola grapples with declining oil and gas output.
By Felix Janvrin 10 September 2018 0 32472
Angolan President João Lourenço on a visit to Berlin in August. (PA)

The government of Angola will strip state petroleum company Sonangol of its ability to grant concessions as part of unprecedented restructuring measures in the country’s petroleum sector that aim to improve governance and profitability. 

A new oil and gas regulator, the National Agency of Petroleum and Gas, will take over the licensing, management and supervision of oil and gas blocks. It will become operational in 2019 and assume its full range of functions in 2020. The new agency will initially be led by the minister of...