With daily oil production rates of around 1.35 MMbbl/d as of 2020, Angola remains the second largest producer of oil in Africa. 

However, since the start of the Covid-19 pandemic, the market is experiencing challenges related to the spread of the virus and the impact of the low oil price- causing many exploration and development projects to be put on hold. 

While activity continues on select projects such as Eni’s Northern Gas Complex, BP’s Platina, and Sonangol’s new refinery in Cabinda, we are expecting deferred projects to begin moving again as early as October 2020.

Angola has the potential for over USD$75 billion of CAPEX spend in the next five years, with projects in the pipeline such as BP’s PAJ100, Chevron’s SLGC, Eni’s Agogo, and Total’s numerous brownfield projects focused around its Dalia, Pazflor, CLOV, and Girassol assets. 

With notable multi-billion barrel discoveries including Afoxe and Kalimba expected to exploited in future, Angola is still expected to be a significant market of opportunity in future.

• 10-12 pre-arranged group meetings with key EPC contractors and operators.
• Understanding of country's local content laws, current projects and more
• Meetings with key decision makers (i.e. Procurement/Supply Chain managers)
• Evening Reception at the British Embassy, where you can network with operators, EPC contractors, potential agents
• Logistical assistance from EIC Delegation manager and support/advice on markets from EIC sector analysts