QatarEnergy has entered into an agreement with Angola’s National Agency for Oil, Gas, and Biofuels (ANPG) to develop two offshore blocks in the Republic of Angola. The deal, signed in the capital city of Luanda during the Angola Oil & Gas Conference, involves Blocks 8 and 22 located offshore.

Under the terms of the agreement, which remains subject to final governmental approvals and contractual formalities, QatarEnergy will acquire a 30% working interest in the blocks. Shell will serve as the operator with a 50% stake, while Angola’s state oil company Sonangol E&P will hold the remaining 20%.

Speaking on the occasion, Minister of State for Energy Affairs and President and CEO of QatarEnergy, Saad Sherida Al Kaabi, emphasized the importance of this development for the company’s international strategy. He described the agreement as a key step in establishing a presence in Angola’s energy sector, aligning with QatarEnergy’s broader goals for upstream exploration and growth. Al Kaabi also expressed appreciation for the cooperation of Angolan authorities and the partnership with Shell and Sonangol, indicating anticipation for a long-term collaboration.

The partnership combines the expertise of an international energy company, a major global operator, and the national oil company, reflecting Angola’s ongoing efforts to expand its offshore oil and gas production through collaboration with foreign investors. The signing at the Angola Oil & Gas Conference marks a significant milestone in QatarEnergy’s expansion in the African energy market and Angola’s efforts to attract foreign participation in its hydrocarbon sector.