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Energy Capital & Power
Source: Energy Capital & Power |

Top Five Oil and Gas Projects in Angola

Angola has several E&P projects that are awaiting FID and are set to stimulate new crude oil and gas production by optimizing existing subsea infrastructure

With crude oil production on the rise – increasing by more than 580,000 barrels month-on-month (https://apo-opa.info/3MzMJLN) from December 2022 to January 2023 – Angola is aiming to stabilize its output around 1.3 million barrels per day (bpd) in the next three years. Accordingly, the southern African producer has several notable E&P projects that…

Energy Capital & Power
Source: Energy Capital & Power |

Exploring Angola’s Upstream Potential

Angola’s major basins hold sizable untapped reserves – estimated at 57 billion barrels of oil and 27 trillion cubic feet of natural gas – resulting in development opportunities across each stage of the exploration life-cycle

Angola is home to significant upstream potential, as demonstrated by the sharp contrast between its proven and estimated reserves: 9 billion versus 57 billion barrels of oil and 11 trillion versus 27 trillion cubic feet of natural gas. Its three major basins – Kwanza-Benguela, Namibe and Lower Congo – hold…

Energy Capital & Power
Source: Energy Capital & Power |

Top 5 Service Contracts by Value Signed in Angola in 2022/23

Under an agenda to accelerate on- and offshore hydrocarbon exploration and production, International Oil Companies and the Angolan government have awarded a number of lucrative service contracts in the past twelve months

While Angola already represents one of the largest oil producers in Africa, the country is targeting heightened exploration and production across both mature and emerging basins in a bid to become a regional energy hub. With an ambitious national oil company (NOC) and a strong slate of regional and international…

Energy Capital & Power

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    • Gabon’s Oil and Gas Industry: Exploring Opportunities in Mature Fields
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Source: Energy Capital & Power |

Gabon’s Oil and Gas Industry: Exploring Opportunities in Mature Fields

The upstream segment of Gabon’s energy sector is seeing renewed interest on the back of recent regulatory changes, and drilling campaigns from some of the world’s most prolific E&P companies are centered on redeveloping mature fields, though possibly at the cost of exploration

Even among oil-rich nations, the extent to which hydrocarbons has fueled the Gabonese economy throughout its independent history is exceptional. Since production started in the 1950s, the majority of the country’s GDP has been derived from crude oil exports. However, after oil production peaked in 1996, Gabon’s future looked less…

Energy Capital & Power

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    • BW Energy Leads Gabon’s Upstream Revival with Drilling of Hibiscus Well
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Source: Energy Capital & Power |

BW Energy Leads Gabon’s Upstream Revival with Drilling of Hibiscus Well

First oil from the DHIBM-3H well, which is expected later this month, could represent a turning point for Gabon’s oil industry, which has faced declining production and a lack of new investment in recent years

Following years of anticipation, Oslo-listed E&P company BW Energy drilled the first of several wells last Monday that will constitute Phase 1 of its Hibiscus/Ruche development at its offshore Dussafu asset in Gabon. Drilling had started on the DHIBM-3H well in January 2023 and initial results for drain length and…

Energy Capital & Power

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    • Creating Greater Value within Angola’s Energy Transition Unpacked at Angola Oil and Gas (AOG) 2022
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Source: Energy Capital & Power |

Creating Greater Value within Angola’s Energy Transition Unpacked at Angola Oil and Gas (AOG) 2022

A panel discussion hosted at AOG 2022 highlights challenges and opportunities for oil and gas exploration and production companies in Angola as the energy transition intensifies

Under the theme ‘Promoting an Inclusive, Attractive and Innovative Oil and Gas Industry in Angola,’ the 2022 edition of the Angola Oil and Gas (AOG) Conference and Exhibition (https://bit.ly/3GXMxVK) hosted a panel discussion that focused on activities by operators and investors in maximizing the country’s hydrocarbon resources to shape the energy transition. ‘The…

Energy Capital & Power

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    • African Energy and Hydrocarbon Ministers during a Ministerial Panel Discussion held during AOG 2022 in Luanda
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Source: Energy Capital & Power |

Angola Oil & Gas (AOG) 2022 Kicks off with Industry-Focused Ministerial Panel

AOG 2022 has officially kicked off, with a ministerial panel offering new insights into the right and will to develop Angola’s oil and gas resources

Following thought-provoking messages and welcoming addresses from both private and public sector leaders, the third edition of the Angola Oil & Gas (AOG) conference and exhibition (https://bit.ly/3VCWonI) – taking place this week in Luanda from November 29-December 1 – kicked off discussions with an opening ministerial panel. The discussion explored the topic…

Energy Capital & Power

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    • Angola Oil & Gas (AOG) 2022 to Unlock the Potential of Angola’s Deepwater Basins
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Source: Energy Capital & Power |

Angola Oil & Gas (AOG) 2022 to Unlock the Potential of Angola’s Deepwater Basins

As production continues to decline across Africa’s producing assets, explorers are turning to the continent’s deepwaters, and Angola has been at the forefront of this shift

Angola’s deepwater market success continues to shine a spotlight on the country’s untapped oil and gas potential. The country’s exploration opportunities remain high with recent deepwater discoveries making clear the frontier potential of the mature producer. With opportunities consistently emerging across the Angolan deepwater landscape, the country’s official energy conference, Angola Oil…

Energy Capital & Power
Source: Energy Capital & Power |

TotalEnergies Joins Angola Oil & Gas 2022 as a Gold Sponsor

The French major will shape high-level discussions around the future of the country’s energy sector as a gold sponsor at Angola Oil & Gas 2022

As one of Angola’s key players across the oil and gas value chain, French multinational integrated energy and petroleum company, TotalEnergies (https://TotalEnergies.com/Angola), will participate as a gold sponsor at this year’s edition of Angola Oil & Gas (AOG) conference and exhibition (https://bit.ly/3SQfbeb), which will take place from November 29 to…

Energy Capital & Power

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    • Energy stakeholders participating in industry-changing discussions during the 2022 South Sudan Oil & Power conference in Juba
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Source: Energy Capital & Power |

Leveraging National Expertise to Drive New Exploration in South Sudan

Opening the second day of the South Sudan Oil & Power 2022 conference, an exploration panel explored South Sudan’s outstanding exploration prospects, the country’s licensing round and the government’s drive to make the country a regional hub for petroleum exploration and services

As the only major oil producer in East Africa, South Sudan has prioritized exploration in 2022 and beyond with the aim of bringing new supplies online that will help meet regional demand for oil and gas. In line with this objective, the opening panel discussion during day two of South…