Angola is eyeing a promising potential of 52 billion cubic feet of natural gas, as revealed by Américo Fernandes, head of the national Oil and Gas agency during the Angola Oil & Gas conference.
While these figures represent a substantial opportunity, Fernandes also pointed out some challenges facing the sector’s development in Angola.
The lack of infrastructure, which hinders market access and increases the cost of investment and capital accessibility, stands as a notable obstacle.
However, the country holds potential in terms of exploration, with the identified prospective volumes of 52 billion cubic feet, although Fernandes clarified that these are not classified as reserves but rather as the potential volume within the reservoir.
The volumes of gas discovered currently amount to around 36 billion cubic feet, with 30 to 40 percent earmarked as a potential supply to the market.
If the recovery rate of this volume is considered at 30 to 40 percent, Angola could offer the market between 10 and 15 billion cubic feet.
Fernandes emphasized that until drilling and exploration are completed, it is premature to confirm reserves or development.
The first natural gas flow in Angola is expected in 2026, marking a significant milestone for the country’s energy sector.
The Quiluma and Maboqueiro fields are slated for exploration in 2026, with an estimated production capacity of 330 million standard cubic feet per day.
The Angola Oil&Gas conference, attended by political decision-makers and industry leaders, serves as a platform for discussions on the future of the oil and gas sector in Luanda.
