The $6 billion project involves developing two oil fields located in Block 20/11, Cameia and Golfino, according to a statement from Angola’s national hydrocarbon agency ANPG.
How much oil does Angola produce a day?
Representing one of the leading producers in Africa, Angola’s oil production is expected to remain steady at approximately 1.1 million barrels per day in 2024. While billion-dollar gas projects progress, developments across the renewable, power and infrastructure sectors have also advanced, with several anticipating a 2024 start.
Will Angola start producing oil in 2024?
While billion-dollar gas projects progress, developments across the renewable, power and infrastructure sectors have also advanced, with several anticipating a 2024 start. The first phase of Angola’s Cabinda Refinery, an integrated modular oil refining platform, will start production in 2024.
What is the oil industry in Angola?
Around one third of Angola’s GDP is rooted in the oil industry. Crude oil, natural gas, and refined oil account for almost all national exports. As of 2020, unexpected circumstances jeopardized the Angolan oil industry.
Is Angola a sustainable oil producer?
of total final consumption of oil products of oil products consumed Angola is set to become the largest producer of crude oil in Southern Africa, yet has also set the foundation for the sustainable development of renewables, through investments and supportive measures.
Is totalenergies planning a kaminho oil project in Angola?
May 21 (Reuters) – French oil major TotalEnergies (TTEF.PA) is pressing ahead with the development of the Kaminho oil project 100 kilometers off the coast of Angola after a final investment decision on the block, it said on Tuesday.