Angolan Mining Oil & Gas

The consolidated net income of state-owned oil company Sonangol amounted to 2.1 billion dollars in 2021, the best result in eight years and an increase of 152 percent over the previous year. According to the statement released this Wednesday by Sonangol, on the day it published its 2021 report and accounts, it was “a substantially robust economic and financial result, the result of excellent operational performance” that results from the measures taken, namely cost rationalization,

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Angola raised 11.8 billion dollars in the second quarter of this year, with the export of 103.6 million barrels of crude oil, 75.5 percent more than in the same period in 2021, according to official data. The data are contained in the Balance of Exports of Crude Oil and Natural Gas for the second quarter of 2022 presented this Tuesday by the Ministry of Mineral Resources, Oil and Gas. In the period in question, the

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Three million dollars is how much the National Agency of Petroleum, Gas and Biofuels (ANPG) will spend on a study aimed at locating abandoned oil blocks in the country. The expenditure was authorized by the Government and is intended to prevent the occurrence of spills, as happened in an abandoned well in Cabinda, which caused damage to the population and the environment. In presidential decree 139-D, cited by Expansão, the Executive states that since the

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Somoil doubled, between 2020 and 2022, oil production from eight to 17 thousand barrels/day, due to the investment applied, in the last two years, in drilling and in new technologies, according to the chairman of the Executive Board. Edson Rodrigues dos Santos said that the Angolan oil company – Somoil, which operates in block 2/05, in shallow waters and in the FS&FST block, in the “Onshore”, in the municipality of Soyo, in the province of

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