Africa Monitor

Africa Monitor Intelligence

Angola: Oil Companies with New Exploration Incentives

The 2020-2025 Oil and Gas Exploration Strategy, recently approved by the Government, predicts the identification of reserves of 40-57 billion barrels of oil, more than 5 times the reserves currently identified, and 17.5-27 trillion feet cubic meters of gas. The forecast indicates that the average daily production level will remain above 1 million barrels until 2040. READ MORE