Michel Hamon of Doris Engenharia Angola Lda talks about engineering support for the Angolan upstream.
READ MOREAngola’s oil and gas industry and companies
Diamantino Pedro AZEVEDO
MINISTER OF MINERAL RESOURCES, PETROLEUM AND GAS
Angola’s oil and gas industry in figures
Oil reserves7.8 billion barrels
Oil production1.15 million bopd
Gas reserves301 bcm
Annual gas production11.3 bcm
Angola's oil and gas industry: Africa's Rising Giant
Angola’s oil and gas industry has grown significantly, with the country now one of the top oil producers on the African continent. The sector is governed by the National Oil, Gas and Biofuels Agency (ANPG), which handles handing out concessions and regulating policy related to Angola’s upstream activities. The state-owned enterprise Sonangol and its subsidiaries have been the main driver behind the nation’s E&P activities and have ramped up exploration activities to replace the country’s depleting reserves.
The country is developing its refining capacity, which traditionally only represented around 20% of the country’s consumption. The downstream sector is undergoing a massive transformation, with large developments to increase production of oil refined products underway.
The country, which is a member of OPEC, has repeatedly reformed its policies with a focus on attracting foreign investment to unlock its massive energy potential. “To increase efficiency and strengthen the oil activity, we are implementing several measures in such a way as to create conditions and an environment able to capture new investment that seeks to contribute to the increase of reserves and the production of oil and gas, and consequently bring more value to the Angolan State and to its involved partners,” Angolan Minister of Mineral Resources, Petroleum and Gas Diamantino Pedro Azevedo told The Energy Year.
Angola’s oil and gas companies content
The UAE’s AD Ports Group signed a concession agreement to operate and upgrade Angola’s Luanda port.
READ MOREManuel António Tiago Dias of the National Bank of Angola talks about Angola’s economic expectations for 2024.
READ MOREAngola reports
More reportsJean Yves Lunot of AGL Angola talks about the company's investments in Lobito’s multipurpose terminal.
READ MOREFrecissimo Sarmento of ChampionX Químicos talks about the company's expansion in Angola.
READ MOREJoão Teiga of OREYAFRICA talks about the company’s initiatives in the energy sector and Angolan logistics.
READ MORECándido Norberto of FN Lifting talks about Angolanisation and the company's scope in Angolan oil and gas.
READ MORE-
A new era for the Lobito terminal
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Angola is modernising its logistics network in a move to diversify its economy and capitalise on its geographical location.
READ MOREAngolan energy company Etu Energias launched its new lubricant line in partnership with Malaysian company Glide Lubricants and announced the creation of a joint-venture…
READ MOREGianni Gaspar-Martins of Alfort Petroleum talks about the company’s strategy as a new block operator.
READ MOREFrancisco Monteiro of BRIMONT talks about the company’s investment in Angola’s manufacturing capacity.
READ MOREAngola’s first non-associated gas project is designed to maintain the country's relevance during the energy transition.
READ MOREÂngelo Gama of Angola Cables talks about the company’s role as a pioneering interconnected player in Angola.
READ MORECharly Cadalen of InterOil Angola talks about the company’s evolving portfolio of services in Angola.
READ MOREGourgel Neto of Resilience 360 talks about the importance of private offshore training initiatives in Angola.
READ MOREAlfredo Fortunato of Certex Angola talks about how Angola’s upstream activity has impacted operations.
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