TGS has launched a multi-client 2D seismic survey over Angola’s ultra-deepwater acreage, the company announced on Wednesday.
Offshore contractor SBM Offshore has secured a contract extension for the lease and operation of the FPSOs Mondo and Saxi Batuque on Block 15 offshore Angola, extending its involvement in the assets through 2032. The agreement was signed with Esso Exploration Angola (Block 15) Ltd., an affiliate of ExxonMobil and operator of the block. The extension includes life-extension activities such […]
Brian Unietis, lead country manager for ExxonMobil Angola, talks to The Energy Year about the strategic redevelopment of Block 15 to support Angola’s 2030 oil output goals and the company’s use of advanced technologies to extend asset life and improve efficiency. ExxonMobil Angola explores for and produces oil and gas, operating one of the country’s […]
Angolan President João Lourenço opened a $4 billion gas processing plant in Soyo as the longtime crude producer increases its focus on the fuel. The facility, built by the Novo Consórcio de Gás, can process 400 million cubic feet of gas a day from Angola’s first standalone fields, Minerals and Petroleum Minister Diamantino Azevedo said […]
Indian oil and gas companies are desirous of entering into a “long-term” purchase contract with Angola to meet the country’s energy requirements as they also wish to invest in petroleum refining and exploration of critical and rare earth minerals in the African country, President Droupadi Murmu said on Sunday.
Angola’s national oil and gas agency signed an exclusive negotiation agreement with Shell on November 3 to explore and develop Blocks 19, 34, and 35, along with several ultra deep water blocks, marking what officials describe as a historic moment for the country’s struggling petroleum sector.
According to the National Agency for Petroleum, Gas and Biofuels, production rose to 1.03 million bpd in August from 998,757 bpd in July. The rebound aligns with Angola’s strategy to stabilize production near 1 million bpd, a threshold viewed as critical for maintaining investment momentum in the country’s upstream sector.
The new licenses are intended to boost Angola’s oil production and maintain output above 1 million bopd beyond 2026. Azevedo stated that the round marks the final phase of a licensing strategy initiated in 2019 to award 50 concessions and counteract declines in oil productivity due to falling yields in mature wells.
Block 3/24 covers 545 square kilometres and contains five oil and gas discoveries – Cefo, Goulongo, Kuma, Palanca North East and Quissama – as well as the previously developed Canuku field cluster, which has produced up to 12,000 bopd.
Eni-BP joint venture Azule Energy will invest $5 billion in Angola over the next five years and drill 18 wells, with two-thirds operated by the company, according to a Reuters report on Wednesday. The spending is comparable to Azule’s outlays since the JV launched in 2022 and centers on sustaining output from core offshore assets.