Interview
Abu Dhabi - March 2, 2016
Colin Ferguson, general manager of DOF Subsea Angola, talks to TOGY about the impact of low oil prices and ways for the country to improve its hydrocarbons-related…
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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
Interview
Angola - May 16, 2024
François Tack of Newrest Angola talks about the company’s portfolio and growth opportunities in oil and gas.
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NEWS
Angola - May 15, 2024
ExxonMobil has made a discovery in Block 15 in the Angolan deepwater.
READ MOREAngola reports
More reports
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 - May 03, 2024
Azule Energy and Rhino Resources will enter a strategic farm-in agreement for Block 2914A in Namibia.
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Interview
Angola - February 25, 2016
Marine services providers must keep up with the evolution of the sector to maintain market shares. Maria Helena Samuel, the general manager of Sonatide, speaks with…
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NEWS
Angola - February 25, 2016
<a href='https://theenergyyear.com/companies-institutions/sonangol/’>Sonangol, the state oil company of Angola, on Thursday announced that its net debt to…
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Interview
Colombia - February 17, 2016
The current downturn in oil prices is affecting the Angolan oil and gas industry harder than other markets. Cost-intensive deep and ultra-deep offshore operations have…
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Interview
Angola - February 15, 2016
Low oil prices have impacted the Angolan oil and gas industry. While the country still has potential, exploration projects are being put on hold. Production remains…
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Interview
Angola - February 8, 2016
Nigerian Ambassador to Angola Otunba Folorunso Otukoya talks to TOGY about the potential for Angola’s oil and gas industry to grow by drawing on Nigeria’s…
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NEWS
Nigeria - February 02, 2016
On Sunday, Nigerian Minister of Finance Kemi Adeosun said the country had held preliminary talks with the World Bank on borrowing. The announcement comes in the wake of…
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Interview
Angola - January 21, 2016
Domingos Freitas, country director Weatherford Angola, talks to TOGY about the the country’s onshore drilling potential and the need for efficient use of technology.…
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Interview
Angola - January 12, 2016
Marco Marini, the general director of Interoil Angola, talks to TOGY about current logistical challenges, the lack of a qualified workforce and future developments of…
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Interview
Angola - December 23, 2015
Ponticelli country manager Charles Caia talks with TOGY about the challenges low oil prices pose for engineering and construction companies serving the Angolan…
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