The Oil & Gas Year Angola 2017
Angola is a country of reorganisation, restructuring and restarts. No sector has been immune to the oil price fall and subsequent currency devaluations in the country, but Africa’s number-one crude oil producer in 2016 has taken the time to prepare for the eventual upturn in prices.
In The Oil and Gas Year Angola 2017, Jorge de Abreu, the executive administrator of Sonangol explains at length the steps that Angola’s NOC has taken to ride out the storm and how its new mandate, which began in June 2016 when Isabel dos Santos was appointed chairwoman, will position it for the future. A special chapter focuses on the NOC’s planned restructuring in depth.
Meanwhile, promising new projects have been coming on line. In Q1 2017, output began from CABGOC’s Mafumeira Sul platform in Block 0 and through FPSO Armada Olombendo in Eni Angola’s Block 15/06. Top leaders from all of the major IOCs in Angola, including BP, Eni, Total, ExxonMobil, Chevron and Repsol, discuss the difficulties of the past and the opportunities for the future. Their views are complemented by oilfield services companies Halliburton, Weatherford and Baker Hughes, as well as engineering companies including Soares da Costa, SoniMech and a diverse set of supportive companies.
Featuring two roundtables – the first concerning mutual co-operation in the current uncertain economic environment and the second concerning Angola’s newly awarded onshore blocks and natural gas potential – the report brought together Jorge de Abreu, Edson dos Santos and Ricardo Van-Deste from Sonangol, as well as Darryl Willis, regional president of BP Angola; Guido Brusco, managing director of Eni Angola; John Baltz, managing director of CABGOC; Graeme Taylor, vice-president of Halliburton Angola; Arnaldo Lago de Carvalho, president of the board of Nalco Angola; Domingos Freitas, country director of Weatherford Angola; and Noumouké Kaba, vice-president of the Association of Service Providers of the Angolan Oil and Gas Industry, among others
Angola has suffered heavily during the global energy industry troubles, but it is taking steps to bounce back to form and be at the forefront of Africa’s oil production. As this transformation takes place, The Oil and Gas Year Angola 2017offers unparalleled insights into the opinions, analysis and comments of the country’s most important players.