• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business Energy

Angola pumped 1.138 million b/d in March, upstream activity picking up

5 years ago
in Energy, highlights, Home, home-news, latest News
2 min read
0 0
0
85
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Angolan crude output remained largely stable in March, averaging 1.138 million b/d, the country’s energy regulator, Agência Nacional de Petróleo Gás e Biocombustíveis, or ANPG, said April 15.

The OPEC member pumped 35,285,177 barrels or 1,138,232 b/d last month compared to 31,843,763 barrels or 1,137,277 b/d in February, data showed.

Angolan crude output has recently fallen to multidecade lows because of technical and operational problems at some fields, aggravated by a lack of upstream investment and incentives. But ANPG also said there was a rebound in drilling and exploration work in the country, as it fights hard to stem the steep production decline.

Recent production levels remain much below the country’s commitments under the recent OPEC production cuts.

For the first four months of 2021, Angola had committed to keep production at 1.267 million b/d under the recent OPEC+ deal.

Upstream rebound

ANPG also said there were nine drilling ships operating last month, with exploration work carried out at 22 wells, a steady rise from recent levels.

RelatedPosts

Gold Price Could Reach $5,055 by Q4 2026, Says JPMorgan

Flick looks to match Guardiola record as Barça visit Real Madrid in El Clasico

TotalEnergies CAF Champions League: All to Play for as Clubs Chase Group Stage Qualification

Drilling offshore Angola has picked up in the last few months after upstream activity came to a standstill because of the coronavirus pandemic and the oil price crash.

Last week, Italy’s Eni made a light oil discovery close to existing infrastructure in Angola’s prolific deepwater Block 15. It is also targeting a full development of the Agogo field via a new hub in Block 15/06, following some discoveries in the past three years.

BP recently resumed drilling activity at the Platina oil field in Block 18 late last-year. Production is expected to reach 30,000 b/d, with first oil expected in the fourth quarter of next year.

BP has still to take a final investment decision on the Palas, Astrea and Juno projects in Block 31, while Total is also finalizing the Chissonga field development in Block 16.

Angola is also looking to attract companies that specialize in improved oil recovery techniques as the OPEC member works hard to reverse its crude output decline.

ANPG, issued a tender April 9 looking for “consultancy services to conduct studies on optimization of secondary and improved oil recovery (IOR) methods.”

Many oil companies and producers resort to improved oil recovery and enhanced oil recovery methods to deal with declining oil fields or basins.

Angola’s crude output slumped to 1.12 million b/d in February, its lowest in around 16 years, according to S&P Global Platts estimates. That represents a fall of 40% in the past five years, underlining how dramatic the descent has been. Production recovered slightly last month, averaging 1.16 million b/d, according to the latest Platts OPEC+ survey.

Tags: Agência Nacional de Petróleo Gás e BiocombustíveisAngolan crude outputItaly’s EniOPEC
No Result
View All Result

Highlights

GNCCI Renews Call for Simplified Tax Regime, Single VAT Rate to Ease Cost of Doing Business

StanChart Turns Bearish, Cuts Oil Price Forecast by $15/bbl

Deputy Finance Minister Rallies Support for Newly Launched Ghana’s Infrastructure Plan

Ministry of Finance Holds Two-Day Stakeholder Consultations on 2026 Budget

Coca-Cola Faces $1 Billion hit From Africa Bottling Sale

Surge in Floating Solar Projects

Trending

Business

Gold Price Could Reach $5,055 by Q4 2026, Says JPMorgan

October 24, 2025

Gold Price Could Reach $5,055 by Q4 2026, Says JPMorgan Despite gold’s record-setting rally coming to a...

Flick looks to match Guardiola record as Barça visit Real Madrid in El Clasico

October 24, 2025

TotalEnergies CAF Champions League: All to Play for as Clubs Chase Group Stage Qualification

October 24, 2025

GNCCI Renews Call for Simplified Tax Regime, Single VAT Rate to Ease Cost of Doing Business

October 24, 2025

StanChart Turns Bearish, Cuts Oil Price Forecast by $15/bbl

October 24, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.