Manuel Graças de Deus, general manager of Kwanda – Suporte Logístico, talks to The Energy Year about the company’s performance and key developments and the…
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 MOREFrédéric Heintz, general manager of Petromar, talks to The Energy Year about the company’s 2023 maintenance and fabrication projects and the key investments it has…
READ MORERaul Costa, managing director of TUBOSTRANS, talks to The Energy Year about the latest additions to the company’s assets and operations, the competitive advantage of…
READ MOREAngola’s state-owned Catoca Mining Society has started production from the country’s largest diamond mine, the Ministry of Mineral Resources, Petroleum and Gas…
READ MOREIvanilson Machado, CEO of Pumangol, talks to The Energy Year about the current state of the company’s retail business, the performance of its other main business…
READ MOREIvanhoe Mines has secured prospecting rights to explore for copper across an area of Angola half the size of Switzerland, the Canadian company announced on…
READ MOREAngola has received 53 bids for its latest onshore oil and gas bid round for 12 blocks on the Lower Congo and Kwanza basins, the country’s concessionaire ANPG…
READ MOREAmandio Tulumba Nangaiafina, sales and business development manager of Bureau Veritas, talks to The Energy Year about the company’s growth expectations for the…
READ MORELamia Ramou, country representative of Red Offshore, talks to The Energy Year about the business rationale behind the creation of Red Offshore, some of the tenders the…
READ MOREKianda Troso, president of the board of directors of Protteja Seguros, talks to The Energy Year about how the company’s offerings to corporate clients and market…
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