Novatec Energy & Partners mull over bid for Sonangol’s new oil concessions

Novatec Energy and its partners are mulling over expressing interest to bid for Angola’s upcoming tender for new oil concessions. The Angolan National Oil Company (Sonangol, E.P.) is making arrangements to open a tender for new exploration concessions this year.

In a note on Friday, Sonangol, E.P. says that to this end, the company will make technical presentations on Monday in Luanda the Angolan capital, to inform about the potential of the concerned blocks.

The concessions are located in the blocks situated on the Congo Basin onshore (Con 1, Com 5 and Con 6) and Kwanza Basin onshore (Kon 3, Kon 5, Kon 6, Kon 7, Kon 8, Kon 9 and Kon17).

The company states that all national and foreign companies and interested investors are invited to register to bid.