Angola’s ANPG Signs Principal Agreement with ExxonMobil and TotalEnergies to Unlock New Hydrocarbon Potential in Frontier Basins

Angola’s National Oil, Gas and Biofuels Agency (ANPG) has formalized a principal agreement with ExxonMobil and TotalEnergies for the award of four ultra-deepwater blocks in the Benguela and Namibe Basins, opening a new chapter in the country’s frontier exploration drive.

The signing ceremony took place on 26 February 2026 at ANPG headquarters in Luanda, covering Blocks 40, 41, 42, and 58. The agreement establishes the framework for negotiating and executing formal concession contracts between the agency and the future consortium to be led by both supermajors.

ANPG Board Chairman Paulino Jerónimo described the deal as a direct expression of the government’s strategy to discover new hydrocarbon resources, noting that securing commitments from operators of this scale was significant not only for attracting fresh capital but for sustaining the confidence of established investors already active in Angola.

ExxonMobil President and Chief Executive Brian Unietis said the signing reflected the strength of the company’s partnership with ANPG and affirmed that Angola remains a primary destination for the company’s continued investment. TotalEnergies Angola General Manager and Country Chair Martin Deffontaines echoed that position, crediting the combined efforts of both companies’ teams and ANPG in reaching the agreement, and describing it as a long-term commitment to Angola’s energy future.

The Benguela and Namibe Basins represent some of Angola’s least-developed offshore acreage. Formal concession contracts will follow once technical, commercial, and regulatory conditions have been satisfied.

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