QatarEnergy and partners take stakes in Angola offshore blocks

QatarEnergy, with its partners Shell and Sonangol E&P has signed an agreement with Angola’s National Agency for Oil, Gas, and Biofuels (ANPG) to hold interests in Blocks 8 and 22 offshore the Republic of Angola

Under the agreement, and subject to the relevant governmental approvals and final contractual arrangements, QatarEnergy will hold a 30% working interest, while Shell (the operator) will hold 50%, and Sonangol will hold 20% in the two offshore blocks.

For QatarEnergy, the agreement marks another important step in advancing its ambitious international exploration strategy, with maximising value from upstream being one of its five key strategic pillars in its vision to be one of the best energy companies in the world.

QatarEnergy acquired a 40% stake in the North Rafah block, offshore Egypt in October 2025, following hard on the heels of the acquisition of a 27% participating interest in the North Cleopatra block offshore Egypt, operated by Shell. QatarEnergy has also acquired exploration licences in the Republic of Congo, Algeria and Namibia.

His Excellency Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, said: “QatarEnergy is pleased to sign this agreement and to establish a presence in the energy sector of the Republic of Angola as part of our international upstream exploration strategy and growth efforts. We would like to thank the Angolan authorities, and our partners Shell and Sonangol, for their cooperation and support. We look forward to a longstanding and fruitful partnership.”

The agreement was signed in the Angolan capital Luanda on the sidelines of the Angola Oil & Gas Conference, where the Minister of Mineral Resources, Petroleum and Gas, Diamantino Azevedo, highlighted the contribution of oil activity to the diversification of the economy and outlined the main lines of the Executive's vision for the sector.

ANPG formalised a series of offshore entries, risk-service contracts and other agreements with international oil companies at the show, advancing exploration across the Kwanza and Congo Basins.

Sonangol presentations emphasised the national oil company's contribution to boosting the market, attracting capital, and consolidating strategic partnerships.