ANGOLA

(in West Africa)

CAPITAL: LUANDA

POPULATION: 13 mm

AREA (on): 1,246,700 km2

OIL PEAK: 2017 (forecast)

SUPPLY

Angolan oil supply, at first largely from the shallow waters off the coast of Cabinda, would have peaked in the late 1990s if it hadnít been for huge deepwater potential recognised in the mid-1990s. This has led to a big expansion in oil output and continued growth is forecast up to 2016/2017 after a brief decline in 2009 because of OPEC obligations.

Deepwater production commenced in 1997 with the Kuito field, followed in 2001 by the giant Girassol field.

Associated gas production has been flared or re-injected but a planned new LNG plant due onstream in 2012 will lead to growing marketed production levels.

Angola joined OPEC in early 2007.

 

DEMAND

The foreign revenue derived from oil exports has allowed Angola to develop rapidly. Oil consumption, mostly used in automobiles, has increased and will continue to increase throughout the next decade.

Angola uses little gas but growing output will allow the country to expand its electricity generation and its industrial and residential gas infrastructure. This growth will increase as exports of LNG begin.

 

 
 

 

 

This is a simple forecast - detailed forecasts including offshore and onshore, deep water splits, sedimentary basins and major fields and drilling etc. can be purchased for most countries.

 

An onshore and offshore oil and gas production, consumption and drilling activity forecast report on this country can be commissioned,

including all relevant charts. Contact us for price and contents list.

 

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