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AfrOil INVESTMENT AfrOil

Angola highlights potential for oil, gas

development at Africa Energy Week

ANGOLA TOP executives from Angola’s National Oil, Gas
and Biofuels Agency (ANPG) showcased the
country’s potential for oil and gas developments
at a session of African Energy Week on Novem-
ber 10, inviting investors to take part in upcom-
ing bid rounds, Energy Capital & Power reports.
ANPG’s executive administrator Belarmino
Chitangueleca suggested that the agency is will-
ing to meet investors halfway with more com-
petitive contractual terms.
“Angola has great prospectivity, and that
will not change. What can change are the fis-
cal and contractual conditions, but if investors
want changes to those, they need to come to us Chitangueleca drew attention to Angolan oil and gas (Photo: African Energy Week)
and tell us what they want,” Chitangueleca was
quoted as saying by Energy Capital & Power. of our earlier successes and for eight years we
ANPG’s latest oil and gas block offer, did not have any licensing rounds to promote
launched in September, follows a new “open new exploration and discoveries, but that time
door” policy allowing investors to discuss pro- has now ended,” he said.
posals for selected blocks at any time without the ANPG plans to shorten its bid round cycles
need for a formal call for proposals, he noted. from 12 to nine months in yet another effort
Chitangueleca also pointed out that ANPG’s to accelerate exploration and discoveries. This
current exploration promotion initiative comes process is expected to take effect when Ango-
after nearly a decade without any licensing of la’s Petroleum Minister Diamantino Azevedo
Angolan assets launches the agency’s new bid round for deep
“We allowed ourselves to sleep on the back offshore blocks by the end of 2021. ™

Hyphen Hydrogen Energy plans Namibia’s

first large-scale green hydrogen project

NAMIBIA Namibian-based hydrogen start-up Hyphen such as green ammonia.
Hydrogen Energy will develop the country’s first The announcement followed a competitive
green mega-project. tender process.
The Namibian government named Hyphen Hyphen Hydrogen Energy has won the right
Hydrogen Energy as the preferred bidder this to construct and operate the project for a 40-year
week to develop the country’s first large-scale period following the conclusion of the feasibility
green hydrogen production project. The com- study and sign-off from the government.
pany will invest up to $9.4bn over the next nine “The first phase, which is expected to enter
years to develop the country’s first large-scale, production in 2026, will see the creation of 2
vertically integrated green hydrogen project in GW of renewable electricity generation capac-
the Tsau//Khaeb national park. ity to produce green hydrogen for conversion
ENERTRAG AG, the German-based into green ammonia, at an estimated capital
renewable energy company, is a shareholder in cost of $4.4bn. Further expansion phases in
Hyphen Hydrogen Energy. the late 2020s will expand combined renewable
The project is set to produce 300,000 tonnes generation capacity to 5 GW and 3 GW of elec-
per year (tpy) of green hydrogen for regional and trolyser capacity, increasing the combined total
global markets. Its production will be sold either investment to $9.4bn,” said Hyphen CEO Marco
as pure green hydrogen or in a derivative form, Raffinetti.

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