Angola: Oil production records increase of more than 6%

28 February 2016, Luanda — The production of crude oil in Angola recorded a 6 percent rise in 2015 compared to that of 2014, announced the State-owned Oil Firm “Sonangol” in its operational and financial results presented Thursday.

*Nigeria oil production.

Oil production.

According to a press release delivered to Angop, in 2015 the production of crude oil stood at 649.5 million barrels, equivalent to a daily average of 1.7 million barrels, six percent more in relation to production of 2014.

The sources adds that the increase is mainly owed to the coming into operation of the new fields in block 14 (Lianzi), block 15 (Satellites – Kizomba II) and Block 17 (MPP Rosa and 1A Dalia), as well as by consistent operating performance in the blocks 17, 18 and 31.

As for the production of natural gas, the document admits a decrease by 8 percent, standing at 507.293 metric tones.

The decrease was attributed to a one-year halt recorded at industrial unit of LNG in Soyo, northern Zaire province.

As for production/import, Luanda refinery yielded 2.4 million metric tones of various oil by-products, accounting for an increase of 15 percent in relation to 2014.

It also noted that Sonangol sold 223.5 million barrels of crude oil at an average price of USD 50/ barrel.

  • Angola Press
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