International Oil Companies (IOCs) are planning to invest $60 billion globally over the next five years to advance Angola’s oil and gas prospects.
A recent note obtained by Jornal de Angola reveals that the investment includes Total Energies’ strategic project, which involves developing the Begonia field with a budget of $850 million.
Additionally, ExxonMobil is expected to invest up to $15 billion in the Namibe Basin, following recent successful discoveries.
Details of these projects will be unveiled at the Angola Oil & Gas (AOG) Conference, scheduled to be held in Luanda from October 2 to 3.
