TOGY talks to Manuel Arnaldo Sousa Calado, president of the Angola-China Chamber of Commerce, about pursuing a diversified economy, boosting private investment and…
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
Saipem has been awarded a USD 850-million contract for subsea works in Angola by local BP-Eni joint venture Azule Energy.
READ MOREFrançois Tack of Newrest Angola talks about the company’s portfolio and growth opportunities in oil and gas.
READ MOREAngola reports
More reportsExxonMobil has made a discovery in Block 15 in the Angolan deepwater.
READ MORECarlos Firme of Fortaleza Seguros talks about the role of the company in the Angolan insurance sector.
READ MOREThabo Molekoa of Siemens Energy talks about how the company aims to assist Angola’s power sector.
READ MOREErwin Krueck of All Brokerage Solutions talks about Angola’s prospects as a logistics hub.
READ MORESonangol head Isabel dos Santos has said the NOC would be divided into three units, exploration and production, logistics and a division to manage concessions to…
READ MOREEni’s newest floating production, storage and offloading (FPSO) vessel arrived in Angolan waters on Friday, TOGY learned over the weekend. Destined for operations in…
READ MOREAmong the word’s major oil companies, Chevron has the smallest share of production in the countries that have said they would reduce production, data from Norwegian…
READ MORESusan M. Cunningham of Noble Energy talked to TOGY about the current exploration climate in Africa.
READ MOREOPEC production hit 34.19 million bopd in November, a survey has shown. The results released on Monday reveal the biggest month-on-month increase was recorded in…
READ MORETOGY talks to Egidio Monteiro, managing director of DHL Express Angola, about the challenges they face, how oil and gas companies can go further to reduce their…
READ MOREAngola’s Sonangol has reportedly requested a moratorium on debts until year-end 2016, local sources were quoted as saying on Wednesday.
The all-powerful state…
READ MORETOGY talks to Domingos Freitas, country director of Angola for Weatherford, about Weatherford’s Angolan operations, the challenges in the market and the prospects for…
READ MORESonangol and partners Chevron, Total and Eni began production in the Mafumeira Sul oilfield located some 24 kilometres offshore Angola’s Cabinda province, the NOC…
READ MOREWHOSE PLATFORM IS THIS?
ASK US
- Do you have a question for The Energy Year about oil and gas?
- If we know, we’ll tell you.
- If not, we’ll ask the experts in the field.