Etu Energias (formerly Somoil) has acquired an additional 2.5% interest from Thailand’s PTT Exploration and Production in offshore Block 17/06 in Angola, the local…
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
José Manuel Ganga Junior, CEO of ENDIAMA, talks to The Energy Year about the company’s shift in strategy to ensure more…
READ MOREAngola reports
More reportsPatricia Lopes, country manager of Mecwide Angola, talks to The Energy Year about how the company’s footprint in the Angolan…
READ MOREAngola has decided to leave intergovernmental oil organization OPEC following production cut agreements, the country’s…
READ MOREWe also partner with maritime institutions for training solutions .
READ MOREAngola has inaugurated the second phase of its USD 42.8-million Falcão project that supplies gas to the Soyo power plant on the…
READ MORE-
Indonesia's IDX: digitally ready
INTERVIEW -
Providing reliable power across Nigeria
INTERVIEW -
A competitive Caspian shipyard
TOGY talks to
Most popular
Ognen Andreevski, operations manager of ISQapave, talks to The Energy Year about the company’s training efforts in Angola, the importance it places on investing in…
READ MOREValter Escorcio, Baker Hughes’ country director for Angola, talks about the role the company plays in Azule Energy’s Agogo project and the scope of its work in…
READ MOREManuel 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 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.