Angola

Angola Expands Deepwater, Gas Portfolio, Woo Investors at Global Energy Event


Published: Sunday May 3, 2026
By: Oilfield Africa Review

Angola is taking center stage as a major prominent player in the global energy investment destination hub, projecting the investment expansion mantra of the region’s prolific hydrocarbon untapped reserves to potential and prospective investors, as Sonangol takes Emerald Sponsorship at African Energy Week (AEW) 2026

At the heart of this expansion is Sonangol’s continued partnership with international operators on major offshore developments. In Block 15/06, the Agogo Integrated West Hub – developed alongside Azule Energy and Sinopec – reached production in 2025, adding significant new volumes through the Agogo and Ndungu fields and reinforcing Angola’s drive to sustain output above one million barrels per day.

Another cornerstone development is the Kaminho Deepwater Project in Block 20/11, operated by TotalEnergies and Petronas, targeting first oil in 2028 with an estimated production capacity of around 70,000 barrels per day. The project represents a key step in unlocking Angola’s Kwanza Basin frontier and demonstrates Sonangol’s continued role in large-scale deepwater developments.

In parallel, Sonangol is expanding its gas portfolio through its stake in the New Gas Consortium, Angola’s first non-associated gas development. The Quiluma field recently achieved first gas and is expected to ramp up to around 330 million cubic feet per day at plateau, supplying feedstock to the Angola LNG plant and reinforcing the country’s position as a long-term LNG exporter.

Downstream, Sonangol is advancing an ambitious refining expansion strategy aimed at strengthening fuel security and value retention. The Cabinda Refinery has entered its final testing and commissioning phase, with operations expected to ramp up imminently following initial start-up and fuel deliveries beginning in 2026. Long-term projects in Lobito and Soyo are positioned to substantially expand Angola’s refining capacity over the coming decade.

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