AEC Calls on E&P Companies, Technology Providers to Invest in Angola

Angola plans to maintain oil production at 1.1 million barrels per day (bpd) until 2027, thereafter increasing output to over 2 million bpd to stimulate economic growth. As the linchpin of the economy, Angola’s oil and gas industry has seen aggressive reform since 2017, with the government’s continuous competitive focus guaranteeing attractive fiscal and contractual terms for investors. As such, the African Energy Chamber (AEC) is calling on global E&P companies and technology providers to invest in Angola, as one of Africa’s largest producers and a growing regional production hub.