NEWS
Angola - December 20, 2018
Sonangol Distribuidora has launched a tender for deployment services for a remote integrated aviation fuel management system, the Angolan NOC announced Wednesday.…
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Back toour markets
Angola’s oil and gas industry and companies
Diamantino Pedro AZEVEDO
MINISTER OF MINERAL RESOURCES, PETROLEUM AND GAS
This new dynamism is the result of the restructuring of the Angolan oil sector.
Read The Full InterviewAngola’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
NEWS
Angola - May 17, 2024
Saipem has been awarded a USD 850-million contract for subsea works in Angola by local BP-Eni joint venture Azule Energy.
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Interview
Angola - May 16, 2024
François Tack of Newrest Angola talks about the company’s portfolio and growth opportunities in oil and gas.
READ MOREAngola reports
More reports
NEWS
Angola - May 15, 2024
ExxonMobil has made a discovery in Block 15 in the Angolan deepwater.
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Interview
Angola - May 13, 2024
Carlos Firme of Fortaleza Seguros talks about the role of the company in the Angolan insurance sector.
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Interview
Angola - May 08, 2024
Thabo Molekoa of Siemens Energy talks about how the company aims to assist Angola’s power sector.
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Interview
Angola - May 06, 2024
Erwin Krueck of All Brokerage Solutions talks about Angola’s prospects as a logistics hub.
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NEWS
Angola - December 20, 2018
Angola LNG has restarted operations after maintenance, international media reported Wednesday.
The facility “conducted a controlled shutdown for a minor intervention…
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NEWS
Angola - December 18, 2018
Sonangol and BP have signed a series of agreements on developments in Block 18 and further exploration in Angola, the companies announced Monday.
The companies…
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NEWS
Angola - December 17, 2018
ExxonMobil and Sonangol have signed an MoU on exploring blocks in the Namibe Basin, the Angolan NOC announced Friday.
The companies intend to sign risk service…
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NEWS
Angola - December 11, 2018
Eni has started production from the Vandumbu field in Angola, the company announced on Monday.
First oil from the field, located in Block 15/06, was reached in late…
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NEWS
Angola - December 10, 2018
Eni announced an oil discovery in the Afoxé exploration prospect located in Block 15/06 offshore Angola on Monday.
The Afoxé-1 NFW well, drilled in a water depth…
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NEWS
Angola - December 07, 2018
The Angolan Council of Ministers has approved the creation of the National Agency of Petroleum and Gas, international media reported Thursday.
The new agency will…
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Interview
Ghana - December 5, 2018
Nana Asenso-Okyere, the CEO of Nyna Oil, talks to TOGY about Ghana’s potential as a hub, the challenges for foreign companies in the country and the Petroleum…
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NEWS
Multinational - November 28, 2018
Nigeria is considering buying umbilicals from Angola and co-operating with the country in the sector, local media reported Tuesday.
“Angola is very developed in…
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Angola - November 27, 2018
The Angolan government is set to approve a new local content law, local media reported Monday.
The new law is intended to regulate local content and to set a…
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