document: As reported on 28 May 2018, Sonangol E.P is expected to hold bid rounds for onshore and offshore blocks by end 2018 or early 2019. To date no information on the number or location of the blocks is available.   It worth noting that in February 2018, during its annual press conference Sonangol E.P announced that it would develop a new Modal Production Sharing Agreement (PSA) for Onshore Exploration and Production. The announcement seems to suggest that no new onshore bidding rounds will take place until the new Modal Onshore PSA is finalized.   The last reports regarding Sonangol E. Pâs plans to auction 18 offshore oil and gas concessions within the Congo Fan - Lower Congo Basin and the Namibe Basin were in August 2016. At the time a planned date for the auction had not been announced there were however, rumors that Sonangol might be able to launch in 2018.
summary: Sonangol E.P is expected to hold bid rounds for onshore and offshore blocks by end 2018 or early 2019. To date no information on the number or location of the blocks is available. 