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Angola has 12 new oil blocks to put on auction. By means of Executive Decree No. 33/15, of February 6, the Minister of Petroleum approved the division of the offshore area of the Namibe Basin into 12 oil blocks. The blocks are numbered 11, 12, 13, 27, 28, 29, 30, 41, 42, 43, 44, and 45.
The new statute also includes a description and a map showing the location of each block, the respective dimension and geographical coordinates.
The Minister of Petroleum said there was a need to create these new blocks in order to allow for the future granting of exploration concessions.
For those companies looking to pick up acreage in Angolan waters, they may get their chance as the creation of these blocks could be the first signal of a licensing round in the works.