Angola's National Oil, Gas & Biofuels Agency (ANPG) and national oil company Sonangol have launched a 45-day geological data acquisition campaign in the onshore Kwanza Basin to identify the country's largely unexplored hydrocarbon potential.

The data will provide valuable insights for future investment decisions by exploration and production companies in the region.

Despite being a largely-established oil and gas market, Angola offers frontier opportunities for investors and project developers, particularly across its onshore acreage.

This makes the country a strategic investment opportunity, highlighting the potential for play-opening discoveries and long-term project developments.

A panel discussion titled "Frontier Exploration: Charting New Paths for Investment" during the Angola Oil & Gas (AOG) conference will map out this potential. Speakers from major operators and data management companies will share insights into Angola's frontier exploration and how the country offers new paths for investment.

The event, supported by the Ministry of Mineral Resources, Oil and Gas, the National Oil, Gas and Biofuels Agency, the Petroleum Derivatives Regulatory Institute, national oil company Sonangol, and the African Energy Chamber, is a platform to sign deals and advance Angola's oil and gas industry.

The Namibe basin, one of the largest remaining prospective frontier areas for oil and gas exploration in Angola, has emerged as an attractive investment opportunity.

Energy company Corcel announced positive indications of hydrocarbons in Block KON-11 in 2023, and the ANPG concluded its most recent licensing round in January 2024, with 12 onshore blocks on offer in the Lower Congo and Kwanza Basins.