Angola

v.1.0 May 22, 2007

 

  • Reserves: ~20-billion bbl
  • Likely to overtake Nigeria as Africa’s largest exporter, within 10 years
  • 5th largest exporter to US, first largest to PRC
  • 2008 output 2-million bbl/day [excludes LNG production]
  • 2017 output 3.4 million bbl day [without LNG]

 

Major fields/producers

 

  • Block 0: Chevron, 500,000
  • Block14: Chevron, 80,000 (deep offshore)
  • Block 15: Exxon and BP, 2 fields, 250,000 each; 500,000 total
  • Block 17: Total (the oil company), 500,000
  • Block 31: BP, 600,000 by 2008

 

Please note the oil companies above are generally only the lead in consortia.

 

Read for assessment on Cabinda stability