Companies operating in Angola have reported a production decrease of 18.7% from 2017 to 2019.
Galp will focus on major upstream projects, company executives said today, but these must be able to compete in a world where demand may be constrained.
Angolan production has continued to decline, falling to 1.284 million barrels per day in November, making the government’s efforts to overhaul its energy sector and attract new investment ever more important.
Ocean Infinity has won 2D high-resolution seismic work from Total in Angola.
Total has started production from the second floating production, storage and offloading (FPSO) unit for its Kaombo project off Angola.