Angola

News
July 24, 2024
Boasting 18 discoveries in Block 15 alone, ExxonMobil is intensifying its exploration and production activities in the country, aligning with national objectives to maintain production above 1.1 MMbpd through 2027.
News
July 17, 2024
Etu Energias has entered a deal to acquire Galp Energia’s stake in Block 32, Block 14, and Block 14K offshore Angola for $443 million. The acquisition transaction includes Galp’s 5% non-operating stake in Block 32, 9% non-operating stake in Block 14, and 4.5% non-operating stake in Block 14K.
News
July 14, 2024
With details for Angola’s 2025 licensing round announced earlier this week, African exploration markets are making a push for upstream investment by deploying more attractive terms and offerings for global investors.
News
July 10, 2024
Following a call for tender, Vallourec has been awarded a contract by TotalEnergies to supply almost 5,000 tonnes of OCTG solutions and associated services for the Kaminho deepwater project on Block 20, 100 km offshore Angola.
News
July 09, 2024
Angola’s 2025 limited tender will feature Block 40, Block 25, Block 39 and Block 26 in the Benguela basin as well as Block 22, Block 35, Block 37, Block 38 and Block 36 in the Kwanza basin. Additionally, the country has four onshore blocks available; 11 blocks on permanent offer; and five marginal fields ready for exploration.
News
June 03, 2024
The FPSO Agogo is scheduled to commence operations in the fourth quarter of 2025 as part of the Agogo integrated west hub development project offshore Angola. With a field development plan encompassing 36 wells, including both production and injection wells, the project demands high-quality solutions to ensure reliable operations.
News
May 15, 2024
The offshore discovery was made in the Kizomba B development area in Block 15. Drilling took place between February and April 2024, in water depths of 1,200 m. The well encountered reservoirs of Miocene age, and reached a final depth of 3,013 m.
News
May 12, 2024
Existing production infrastructure supports the development of new concessions in Angola, as the country seeks large-scale upstream investments to boost oil production.
News
January 05, 2024
The African nation’s December exit from OPEC came after the group imposed a much lower production limit. The tighter cap was too much for Angola, which is making efforts to boost investment after many years of underinvestment and production decline.
News
December 27, 2023
The three licenses cover an area of approximately 8,700 km2 in the deep and ultra-deep waters of the Angolan offshore.
News
December 21, 2023
Angola announced it’s leaving OPEC following 16 years of membership amid a dispute over oil production quotas, while the cartel tries to buoy global prices.
News
December 12, 2023
The presence of nearby hydrocarbon accumulations in older reservoirs, coupled with the evidence of oil charge to Upper Miocene units, provides great encouragement that the reprocessed ANG Block 16 dataset can lead to further exploration success.
News
December 01, 2023
Angola, Africa’s second-largest crude producer, will produce 1.18 MMbpd from January, above the 1.11 MMbpd quota set out in the OPEC agreement on Thursday.
News
October 31, 2023
Chevron and the Angola Government plan to evaluate various projects related to nature-based and technological carbon offsets, lower-carbon intensity biofuels and products such as hydrogen, carbon capture and storage, and the creation of a regional center of excellence to incentivize and attract lower carbon investments.
News
October 02, 2023
Angola, Africa’s third-biggest oil producer, pumped 3.27 MMboe in the second quarter, compared with 3.23 MMbbl in the three months through March, according to data compiled by Bloomberg.
News
September 28, 2023
The project will include the best available technologies to minimize greenhouse gas emissions, and the facilities will be designed for zero flaring, with the associated gas entirely reinjected into the reservoirs.
News
September 15, 2023
The Technical Services Agreement covers the development of Block 2/5, and will involve the development of engineering wells and end-to-end technological complimentary services.
News
September 04, 2023
Oceaneering has been named a consortium partner to support transportation and installation work on the Girassol Life Extension project offshore Angola. The company has also been awarded a contract for work on a jumper installation project in the Stabroek block offshore Guyana.
News
August 02, 2023
The Ndungu project will tie into Block 15/06 West Hub, where TechnipFMC was recently awarded a substantial flexible pipe contract. Through this extension, the company was able to provide an optimized solution that enables Azule to maintain schedule and achieve efficiencies.
News
July 25, 2023
In April, Angola produced 1.06 MMbpd of crude oil, while Nigeria and Algeria both produced 0.999 MMbpd.
News
July 17, 2023
The country’s crude yields peaked in 2008 at slightly less than 2 MMbpd and now stand at around 1.10-1.15 MMbpd.
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