[The onshore blocks] will be an opportunity for Angolan companies to develop a niche in the Angolan oil and gas market that is still untapped.

Bráulio DE BRITO Chairman of the Board AECIPA

Angola’s local potential

Angola

May 23, 2018

Braulio de Brito, the executive chairman of Tradinter, and Noumouke Kaba, the company’s executive vice-president, talk to TOGY about the potential of onshore blocks and new basin exploration in Angola as well as the local workforce and business climate. Tradinter, established in 2014, is an Angola-based oil and gas services company providing consultancy and guidance services for foreign investors and companies looking for business opportunities in Angola.

On onshore blocks: “It will be an opportunity for Angolan companies to develop a niche in the Angolan oil and gas market that is still untapped. Surely this will be beneficial for the surrounding areas where the opportunities seem to be located, and consequently contribute to the social and economic development of Angola.”

On the workforce: “We see basic to high-level skills; we have a considerably strong pool of well-trained, well-developed Angolans: technicians and professionally skilled techs up to on-the-job engineers. The massive lack is when you go up to the executive level.”

On operational costs: “The numbers weren’t speculative before, it was just what the market came up to. People would mark things up. Spare parts still cost the same; Customs have not changed. Of late, the currency has devalued a little bit. For a spare part from overseas, the cost would be the same, but the running cost of keeping your machine going has decreased. It will probably decrease even further.”

On skills: “If we compartmentalise and talk about oil and gas, we have enough Angolans to carry the industry as it is. If you look at Angola in general, we can see that other sectors did not have the same benefits as oil and gas.”

Most TOGY interviews are published exclusively on our business intelligence platform TOGYiN, but you can find an abridged version of our interview with Braulio de Brito and Noumouke Kaba below.

Click here to read more

As a 100% Angolan company, were you disappointed by the cancellation of the onshore blocks in May 2017?
Braulio DE BRITO: It will be a business opportunity for many Angolan companies again, in the near future. The cancellation was a situation outside everyone’s control, I believe. In due time, we all believe that

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