The company gains operational control of a block containing legacy fields with over 200 million barrels of discovered oil in place.
Afentra has taken a 35% operated interest in Angola’s KON4 block after securing formal approval for a Risk Service Contract. The block, located in the onshore Kwanza basin, includes the Quenguela Norte field, the basin’s largest onshore discovery with over 200 million barrels of oil in place.
Quenguela Norte previously produced 12,000 barrels per day at peak, with 46 million barrels recovered before operations ceased in 1999. The 1,387 km² block has historically yielded over 90 million barrels of oil equivalent from 13 fields, offering re-development and exploration potential in Tertiary and Cretaceous plays.
Afentra’s technical team has begun subsurface evaluations, focusing on restarting production at Quenguela Norte. The block’s proximity to the Luanda refinery and existing infrastructure may facilitate early output and exports.