Since the Restructuring of the Angolan oil sector resulting in2019which led to  the creation of the National Petroleum, Gas and Biofuels Agency (ANPG), Angola oil and gas sector has witnessed rapid increment in her crude oil and gas production

This economic great feat which might be attributed to successive launches of licensing bid rounds, the 2019 Tender for 10 Blocks in the Benguela (1) and Namibe (9) Maritime Basins and 2021 Limited Tender Bidding for 8 blocks in the Lower Congo and Kwanza Maritime Basins.

Angola being the second top oil producer in sub-Sahara Africa behind Nigeria is currently produces about 1.1 million barrels per day in the period under review. The country has in last year December announced her intention to quite OPEC which it hinged on the body plan to cut production in 2024.

Below are the summary of Angola monthly petroleum production and drilling activities from January to April 2024.

January 2024 Monthly Summary on Oil Production

Angola’s oil production for the month of January was 35,292,488 barrels, corresponding to an average of 1,138,467 barrels of oil per day (BOPD) against the predicted 1,149,714 BOPD. Associated gas production during the same period was 79,690 million cubic feet, corresponding to a daily average of 2,571 million cubic feet (MMSCFD), with 1,422 MMSCFD injected, 543 MMSCFD made available to the ALNG factory, 319 MMSCFD for energy generation in oil installations and remainder used in operations and oil flow.

Drilling Update

In the month of January 2024, twelve (12) drilling units were in operation, seven (7) drill ships (Sonandril West Gemini, Sonangol Libongos, Valaris DS-09, Sonangol Quenguela, Transocean Skyros, and Sapem 12000), one (1) Tenaciou Jack Up Shelf Drilling Probe, one (1) SKD Jaya Tender, one (1) Tension Leg Platform TLP-A, two (2) FALCON HP-1000, SA_02 land rig and one (1) intervention vessel light (Ocean Intervention). Work was carried out in twenty-three (23) wells, seven (07) intervention operations, twelve (13) drilling/completion operations, three (3) research operations, totaling 5,874 meters of drilling. Four (4) interventions were completed in producing wells.

February 2024 Monthly Summary on Oil Production

Angola’s oil production for the month of February was 32,253,470 barrels, corresponding to a daily average of 1,112,189 barrels of oil (BOPD) against the predicted 1,123,160 BOPD. Associated gas production during the same period was 75,331 million cubic feet, corresponding to a daily average of 2,598 million cubic feet (MMSCFD), with 1,463 MMSCFD injected, 560 MMSCFD made available to the ALNG factory, 298 MMSCFD for energy generation in oil installations and remainder used in operations and oil flow.

Drilling Update

In the month of February 2024, 13 (thirteen) drilling units were in activity, six (6) drill ships (Sonandril West Gemini, Sonangol Libongos, Valaris DS-09, Sonangol Quenguela, Transocean Skyros, and Sapem 12000), one (1) Tenaciou Jack Up Shelf Drilling Probe, one (1) Tender SKD Jaya, one (1) Tension Leg Platform TLP-A, Three (3) FALCON HP-1000, SA_02 and Dinge HH220 land rigs, one (1) light intervention ship (LWIV-013). Work was carried out in twenty-three (23) wells, six (06) intervention operations, fourteen (14) drilling/completion operations, three (3) research operations, totaling 16,269 meters. Five (5) interventions were completed in Producer wells.

March 2024 Monthly Summary on Oil Production

Angola’s oil production for the month of March was 34,897,176 barrels, corresponding to a daily average of 1,125,715 barrels of oil (BOPD) against the predicted 1,054,463 BOPD. Associated gas production during the same period was 85,209 million cubic feet, corresponding to a daily average of 2,749 million cubic feet (MMSCFD), with 1,538 MMSCFD injected, 606 MMSCFD made available to the ALNG factory, 308 MMSCFD for energy generation in oil installations and remainder used in operations and oil flow.

Drilling Update

In the month of March 2024, 10 (ten) drilling units were in activity, six (6) drill ships (Sonandril West Gemini, Sonangol Libongos, Valaris DS-09, Sonangol Quenguela, Transocean Skyros, and Sapem 12000), one (1) Tenaciou Jack Up Shelf Drilling Probe, one (1) Tender SKD Jaya, one (1) Tension Leg Platform TLP-A and one (1) FALCON HP-1000 land rig. Work was carried out in twenty-one (21) wells, four (4) intervention operations, fifteen (15) drilling/completion operations, two (2) research operations, totaling 13,225 meters. Three (3) interventions were completed in producing wells.

April 2024 Monthly Summary on Oil Production

Angola’s oil production for the month of April was 32,206,719 barrels, corresponding to a daily average of 1,073,557 barrels of oil (BOPD) against the predicted 1,129,395 BOPD. Associated gas production during the same period was 82,580 million cubic feet, corresponding to a daily average of 2,753 million cubic feet (MMSCFD), with 1,489 MMSCFD injected, 606 MMSCFD made available to the ALNG factory, 308 MMSCFD for energy generation in oil installations and remainder used in operations and oil flow.

Drilling Update

In the month of April 2024, 10 (ten) drilling units were in activity, six (6) drill ships (Sonadril West Gemini, Sonangol Libongos, Valaris DS-09, Sonangol Quenguela, Transocean Skyros, and Saipem 12000), one (1) Tenacious Jack Up Shelf Drilling Probe, one (1) Tender SKD Jaya, one (1) Tension Leg Platform TLP-A and one (1) FALCON HP-1000 land rig. Work was carried out in twenty-five (25) wells, six (6) intervention operations, seventeen (17) drilling/completion operations, one (1) research and 1 (one) abandonment, making a total of drilling of 9,630 meters. Five (5) interventions were completed in producing wells.