Africa Oil Week has partnered with a market intelligence firm, Welligence, to create an exclusive report looking into the future of Angola’s oil and gas industry
Produced in partnership with the event’s data and analytics partner, Welligence, it provides key insights into Angola's long journey to being one of the largest oil producers in sub-Saharan Africa.
The executive overview of the country’s oil and gas updates delves into several data points, which have been transformed into readily readable graphs and charts. The data points explored include oil and gas production levels, exploration drilling and commercial discoveries, majors involved, rise of independents, and what the next 18-24 months have in store for Angola.
As one of the largest sub-Saharan oil producers, Africa Oil Week partnered with Welligence to create an informative report that outlines the country’s hydrocarbon journey. Angola’s first commercial find was offshore in 1955, followed just over a decade later with the onshore Malongo discovery. As of 2019, Angola – as an Organisation of the Petroleum Exporting Countries (OPEC) member – produces approximately 1.37 mn barrels of oil per day and an estimated 17,904.5 mn cu/ft of natural gas. It has become not only a top player in Africa, but a key partner in the international O&G market.
Production has increased in recent years, presenting plenty of opportunities highlighted in the Africa Oil Week and Welligence report, including the chance to pick up operated and non-operated stakes, Sonangol asset sales and privatisation, recent incentives to invest, and many more.
Visitors can hear more from Angola at the Angola's National Oil, Gas and Biofuel's Agency (ANPG) stand or from speaker Natacha Massano, executive administrator, ANPG. For more information, visit: https://Africa-OilWeek.com/Home.