Afentra expects its deals with Ina to be approved by the Angolan government in the second half of this year
Afentra continues Angola expansion
The London-listed independent has bought two more stakes in Angolan blocks
London-listed Afentra has signed SPAs with Croatia’s Ina to acquire a 4pc stake in block 3/05 and a 5.33pc stake in block 3/05A in Angola. The deal “provides additional exposure to proven assets with significant upside”, says Afentra CEO Paul McDade. The firm has explicitly linked this latest deal to its acquisitions from Sonangol earlier in the year, which included buying 20pc of block 3/05 from the state-owned oil company. Afentra now owns 24pc of the block, which it describes as “a mature, shallow-water production asset with material upside” in the Lower Congo basin. The UK independent has agreed to pay Ina an initial $9mn for its new stake in block 3/05, plus an additional $10mn once the
Also in this section
5 December 2025
Mistaken assumptions around an oil bull run that never happened are a warning over the talk of a supply glut
4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
2 December 2025
The interplay between OPEC+, China and the US will define oil markets throughout 2026
