Last month, Angola produced a daily average of 1.06 million barrels of oil per day (bpd), against the 1.14 million forecast, according to the document.
The numbers are lower than January’s performance, when Angolan crude production stood at 34.29 million barrels, at an average of 1.106 million bpd, against 1.197 million forecast.
It should be noted that, although the ANPG did not list the causes of the contraction in oil production in February, the reduction in the volume produced coincided with the entry into preventive maintenance of Block 17, operated by TotalEnergies, spewing an average of 120 thousand bpd.
The procedure lasted for 35 days, between the 20th of February and the 26th of March, with Angolan production likely to drop below a million bpd over that period.
At the signing ceremony of a memorandum of understanding between the General Tax Authority (AGT), ExxonMobil and Sonangol, on 14 March, the chairman of the Board of Directors of ANPG, Paulino Jerónimo, declared that work was continuing with the oil companies to revert the decline in Angolan oil production, an evolution that has occupied the industry over the past six years.
The works focus on the recovery of production levels, having already launched a bidding round for oil blocks located in the Namibe, Benguela, Kwanza and Baixo Congo basins, with the aim of ensuring the replacement of reserves and promoting activity of exploration.
