Angola’s steep decline in crude production over the past three years has been tough to ignore. The government led by President Joao Lourenco has unearthed a plan that includes tendering as many as 50 marginal fields to foreign oil companies in a bid to revive its crude output. Receive daily email alerts, subscriber notes & personalize your experience. Register Now On Tuesday, the newly created National Oil, Gas and Biofuels Agency (ANPG), which is responsible for all upstream concessions in the country, announced the details of its new licensing round, including a total of 10 blocks. ANPG President Paulino Jeronimo, speaking at the Angola Oil and Gas conference in Luanda, said nine blocks will be offered in the Namibe basin, with one bock in the Benguela basin. This round is aimed at ensuring “the replacement of reserves and the promotion of exploration activity,” Jeronimo said. Foreign oil […]