Angola struggles to raise production capacity
Angola will see only small increases in oil production capacity for the next few years – or perhaps none, if the decline in output from the older deep-water fields cannot be checked
Angola’s brand as a rapidly-expanding oil producer has become tarnished in recent years, and it will be well into 2017 before the country sees another significant increase in production capacity. If the older deep-water fields – some have been in production for more than 10 years – continue to water-out, this year and next could bring a decline in capacity. Petroleum Economist’s field-by-field estimates, drawing on company information where available, point to a production capacity at present of 1.78 million barrels a day (b/d). That figure could rise to 1.94m b/d by the end of 2015, with the start-up of new phases of Chevron’s Mafumeira development in Block 0 and ExxonMobil’s Kizomba satell

Also in this section
7 July 2025
The end of Grangemouth and Lindsey oil refineries marks a worrying trend across Europe amid cost and transition pressures
3 July 2025
The July/August 2025 issue of Petroleum Economist is out now!
2 July 2025
The global energy community will converge in Dubai on 10 December for a landmark event dedicated to shaping the future of natural gas across the region
30 June 2025
Government is sending out the right policy signals to support increased domestic gas development, but policy takes time to implement and even longer to yield results