How AOG Deals Are Transforming Angola’s Oil & Gas Industry

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How AOG Deals Are Transforming Angola’s Oil & Gas Industry

Since its launch in 2019, the Angola Oil & Gas (AOG) conference has evolved from a discussion forum into the country’s premier platform for deal-making and investment in the energy sector. Now recognized as Angola’s largest oil and gas gathering, AOG has played a crucial role in attracting investments, fostering public-private partnerships, and enhancing regional cooperation in the energy value chain.

As anticipation builds for the 2025 edition, which will be officially launched at a reception event in Luanda on January 28, the focus remains on connecting capital with projects, driving industry collaboration, and propelling Angola’s oil and gas expansion. Here’s a look at the key deals signed at past editions of the AOG conference:

AOG 2024: Strengthening Cross-Border Partnerships

The 2024 AOG conference in Luanda facilitated five major agreements, including:

A joint development deal for Block 14 between Angola’s Ministry of Mineral Resources, Petroleum and Gas and the Democratic Republic of Congo’s (DRC) Ministry of Hydrocarbons.
A finance cooperation agreement between Angola and the DRC.
A joint project development deal between Angola’s upstream regulator, the National Oil, Gas & Biofuels Agency (ANPG), and Mozambique’s National Petroleum Institute.
A green hydrogen agreement involving Sonangol, Conjuncta, CWP, and Gauff.
A fuel storage management MoU between Famar and Angobetumes.

AOG 2023: Advancing Industry Collaboration

The 2023 conference set a record with seven agreements, strengthening cooperation across upstream, downstream, and energy transition efforts. Key deals included:

A decarbonization agreement between Azule Energy and Sonangol.
A waste suction equipment installation deal between Ambipar and Kini Energias.
A technical services agreement for Block 2/5 between Etu Energias and SLB.
A business partnership MoU between Protteja Seguros and Petromar.
Cooperation agreements between the ANPG and three Angolan universities to support technical energy development.

AOG 2022: Strengthening Regional Ties

AOG 2022 focused on enhancing regional collaboration, with three key agreements:

A bilateral cooperation MoU between Angola and Namibia in the oil and gas sector.
A synergy-strengthening agreement between Equatorial Guinea and the DRC.
A cross-border collaboration deal between the ANPG and Sierra Leone’s Petroleum Directorate.

AOG 2021: Driving Investment in Exploration

AOG 2021 saw the ANPG launch Angola’s 2021 Bid Round, attracting investment in deepwater exploration. This came after the 2020 tender for onshore blocks in the Lower Congo and Kwanza Basins. The conference also introduced an open-door licensing mechanism, allowing direct negotiations between investors and the ANPG outside of traditional licensing rounds.

AOG 2019: Supporting Infrastructure Development

The inaugural AOG in 2019 laid the foundation for Angola’s energy infrastructure growth, with five major deals, including:

A Cabinda Refinery construction partnership between United Shine and Sonangol.
An LNG import and regasification terminal MoU involving NFE International and multiple Angolan ministries.
A Commitment Agreement between the ANPG and ExxonMobil for Block 15.
A Heads of Agreement between Sonangol and Eni.
A Gasoline Production Unit contract for the Luanda Refinery awarded to Kinetics Technology.

AOG 2025: A New Era of Growth and Investment

As AOG 2025 approaches, the event is set to build on its legacy of deal-making and investment attraction. With an intensified focus on connecting investors with high-potential projects, AOG continues to play a pivotal role in driving Angola’s energy sector forward.