Angola’s Oil Production Slightly Below Forecast in April

Angola’s Oil Production Slightly Below Forecast in April

In April, Angola’s oil production reached approximately 32.206 million barrels, with a daily average of 1.073 million barrels per day (bpd), slightly lower than the forecasted 1.129 million bpd.

The National Petroleum, Gas, and Biofuels Agency (ANPG) monthly report revealed that associated gas production during April was 82.580 million cubic feet, translating to a daily average of 2.753 million cubic feet.

Of this, 1.489 million cubic feet were injected, 606 million cubic feet were allocated to the ALNG factory, 308 million cubic feet were used for energy generation in oil installations, and the remaining amount was utilized in oil flow operations.

The ALNG factory recorded a production of 3,269,247 barrels of oil equivalent in April, with LNG production at 88,169 barrels, propane at 9,426 barrels, butane at 6,739 barrels, and condensates at 4,641 barrels.

Meanwhile, the associated gas production of the Cabinda Association yielded 1.151 million cubic feet, resulting in the extraction of 234,432 barrels of LPG at a daily average of 7,814 barrels, divided between propane and butane.

Overall, oil and LPG production totaled 33,005,556 barrels of oil equivalent, with a daily average of 1,100,185 bpd. Operational efficiency stood at 85.78 percent, slightly below the forecast of 87.11 percent.

During the period, Angola’s withdrawals amounted to 31,909,452 barrels, averaging 1,063,648 bpd, compared to the predicted 1.043 million.

ANPG lifted approximately 21 percent of total withdrawals, SNL P&P 8.0 percent, and SNL EP 4.0 percent.

In April, ten drilling units were active, conducting various operations including intervention, drilling, completion, and research, totaling 9,630 meters of drilling. Five interventions were completed in producing wells.

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