Petroleum Bidding Rounds - Congo and Kwanza Basins Onshore

Following the full division of the Lower Congo and Kwanza Basins in onshore petroleum blocks (the “Blocks”) last year, Sonangol E.P. released a note stating that the 10 Blocks will be tendered during the course of the current year and that all national and international oil companies, as well as all interested investors, will be allowed to participate.