BP Angola regional president Darryl Willis explains the importance of smaller fields as well as turning towards natural gas production at a time of low oil prices. To…
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
François Tack of Newrest Angola talks about the company’s portfolio and growth opportunities in oil and gas.
READ MOREExxonMobil has made a discovery in Block 15 in the Angolan deepwater.
READ MOREAngola reports
More reportsCarlos 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 MOREAzule Energy and Rhino Resources will enter a strategic farm-in agreement for Block 2914A in Namibia.
READ MOREChange has come for oil and gas operators and services providers in Angola, as the downturn in energy prices is forcing companies to re-evaluate their plans in the…
READ MOREDNV GL area manager Sergio Garcia talks to TOGY about how low oil prices have affected Angola’s oilfield services sector and the potential for local services…
READ MOREUK Ambassador to Angola John Dennis talks with TOGY about the future of the UK’s commitment to the country. In 2013 the Angolan and UK governments signed the High…
READ MOREChevron subsidiary Chevron Overseas (Congo) has begun hydrocarbons production from the Lianzi field, located in a unitised offshore zone between the Republic of Congo…
READ MOREFirst oil has begun to flow at Chevron’s Lianzi development offshore the Republic of Congo and Angola, the company announced on Monday. The project is expected to…
READ MOREDutch marine services company SBM Offshore has been given an ultimatum by the Brazilian government regarding the Petrobras bribery scandal. Brazil has told SBM to…
READ MOREAlexandre Bourgois, Congo resident manager of Subsea 7, oversees the topside segment of the Lianzi development project, a cross-border development between the Republic…
READ MOREAgustín Mba Okomo, secretary-general of Equatorial Guinea’s Ministry of Mines, Industry and Energy (MMIE), speaks to TOGY about the development of the Regulation for…
READ MOREFor more than 20 years, the Angolan government has been supporting the development of local content in the country. Assurance partner and oil and gas Angola lead…
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