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Angola Oil & Gas 2019 Forum to attract new investors

Angola Oil & Gas 2019 Forum  to attract new investors - oil, gas 2019 forum, gas 2019, gas, angola oil, angola, africa energy chamber

Peace Obi

 …The endorses & Conference 2019

In response to President João Lourenço’s investment drive, new players are expected to attend ’s and industry, especially as Angola’s and has received the endorsement of the The & Gas Conference 2019, organised by Africa Oil & Power in Luanda will hold on June 4th to 6th 2019.

Under President João Lourenço, the Angolan oil and gas sector has grown from strength to strength and opportunities await for businesses in all sectors who are keen to increase their exports into new markets.

It is noted that the reforms by the government so far will benefit all Angolans and increase the ability of employers to generate more opportunities for Angolan citizens, investors and the region.

The Centurion Law Group CEO and Executive Chairman of the Chamber, NJ Ayuk, said: “Under the leadership of President João Lourenço’s, Angola is undergoing structural reforms politically, economically and socially, which if successful will transform Angola away from its reliance from oil. Therefore, our support for the & Conference and the people of Angola is very important.

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“Angola is a prime investment destination due to its oil reserves. With about 9.9 billion barrels of proven reserves, it holds some of the world’s most promising oil deposits and estimates of Angola’s probably commercially recoverable reserves are at least 10.7 billion barrels. This is a great opportunity for new explorers and service companies as well.

“This will be Angola’s largest and most important industry platform,” declared recently-appointed AEC President for Angola, Sergio Pugliese. “Since 2017, we have seen the passing of landmark regulations for the sector, including gas regulations, marginal fields regulations, and a completely new oil licensing strategy up until 2025. The conference will also see the launching of Angola’s first Marginal Fields Bidding Round, which is ideal for all African E&P companies and international independents seeking to expand beyond their home country.

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Continuing, he said that pragmatism on Local Content legislation as well as relaxing visa rules has been aimed at keeping Angola competitive globally. During the Angola Oil and Gas conference, the Chamber will organise a trade mission to Angola offering an opportunity for upstream, midstream and downstream oil and gas players to explore and consider the Angolan market.

With its upcoming Marginal Field Bidding Round, ongoing licensing of several blocks from this year onward, and numerous opportunities across the gas value-chain, Angola has become one of the most attractive and lucrative markets for oil investors.

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