Africa Monitor

Africa Monitor Intelligence

Angola: Plan to Maintain Oil Production Level at Risk

The risk surrounding the execution of the National Oil and Gas Agency's (ANPG) plan to stabilize oil production at around 1 million bpd is seen by industry sources as growing. The success of the plan essentially depends on ensuring that the output from the fields that will come into production over the next five years is sufficient to offset the decline in existing fields, which include some of the main ones offshore Cabinda. READ MORE