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Angola has emerged as an investment hotspot in recent years, with a suite of global energy majors, independent oil and gas firms and service companies either expanding their presence or entering the promising market 

Historically, oil and gas projects are known to experience delays ranging from 5-20% owing to project complexity, significant capital requirements and the multi-faceted nature of developments 

Angola’s Minister of Economy and Planning, Mário Caetano João, has indicated that the southern African country is forecasting economic growth of 3% in 2023, with an increase to an average of over 3.6% between 2023 and 2027 

With rising inflation and an increasing capital cost borrowing environment posing challenges for upcoming oil and gas projects, the overall oil and gas industry’s disclosed contract value saw a significant quarter-on-quarter (QoQ) decrease of 48% in Q1 2023, reveals GlobalData, a data and analytics company 

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