Luanda – The National Oil, Gas and Biofuel Agency (ANPG) has extended from 9 June to 9 July, the deadline for bidders to submit their proposals for the tender for the onshore bids in the basins of Lower Congo and Kwanzas.

In a statement published Monday, to which Angop had access, the national concessionaire, which did not give figures, also decided to review the value of the “entrance fee” for the tenders, which initially totalled US$1 million.

It also said that Covid-19 continues to affect the world economy, and has also destabilised the hydrocarbons market.

According to the document, the ANPG, which since its creation has been the driving force behind oil activity in Angola, opted to listen to the suggestions of the national business community and foreign investors about a review of the entrance fee in order to facilitate the entry of new players in the sector.

Without detailing the revision made to the entrance fee, ANPG justifies the decision with the fact that many of the companies interested in the process requested a longer period for better knowledge of the dossier, of the data it contains and also for clarification of doubts with the technicians of that concessionaire.

Source: Angola Press News Agency