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Angola Exploration License Extensions Could Spur Oil Sector Recovery (By Grace Goodrich, Field Editor)
Several International Oil Companies (IOC)s received extensions on existing block licenses in Angola before the COVID-19 crisis
By Grace Goodrich, Field Editor Prior to the onset of COVID-19 and OPEC-led production cuts effective May 1, Angola was set to see a rise in production. In February, the country recorded a production level of 1.39 million barrels per day (bpd), up 15,000 bpd from January. Since the middle…