The official, in an interview with Reuters, quoted by Jornal de Negócios, also stressed that a good indicator of this is the fact that "some of these concessions" have been "extended for a few more years", showing "the commitment that these companies have assumed in continue its operations in the country".
"I don't think that in the short/medium term we will have the big oil companies abandoning their operations in Angola. A good indication of this is that some of these concessions were extended for a few more years and this demonstrates the commitment that these companies have assumed in continuing the its operations in the country," the CEO of the flagship oil company told Reuters.
In addition, he also took the opportunity to highlight that "the recent award" of several blocks "clearly expresses the interest" of operators in the sector in exploring hydrocarbons on Angolan soil.
"The recent award of several blocks clearly demonstrates the interest of oil operators in exploring hydrocarbons in Angola", highlighted Sebastião Gaspar Martins, adding that "several offshore blocks were awarded in border basins as well as onshore blocks" and that "there is also a greater operators in Angola are interested in exploring within the development areas and several exploration wells have already been drilled within these areas".
In the interview with Reuters, cited by Jornal de Negócios, the official also spoke about attracting investors, noting that the business environment in Angola, materialized in the contractual balance that the country grants, "has been attracting many investors" and mentioned "Sonangol itself" as an example of this: "Sonangol itself has received many expressions of interest from investors interested in associating themselves with oil and gas activities".
Admitting that the production of crude oil in the country is in decline, justified by the years of existence of the fields in exploration, the official said he believes that this scenario will be reversed.
"We believe that in the coming months we will see a decrease in the rate of decline in national production as soon as some projects already in the execution phase come into production", adding that "it is still too early" to talk "about any increase in production levels in the coming months".
Still in his interview with Reuters, the CEO of Sonangol reiterated that the holdings in the Portuguese companies Millennium BCP and Galp are to continue: "Sonangol has, in its investments in Galp and Millennium BCP, strategic and financial interests, which is why it maintains its participation in both companies".
Sebastião Gaspar Martins also mentioned the "dissemination of the company on the stock exchange": "The Sonangol IPO should take place as soon as the conditions for it are created. company on the stock exchange, up to a total of 30 percent of our share capital. Due to the necessary prior tasks, we anticipate that, by 2027, this process may be completed", he told Reuters, quoted by Jornal de Negócios.
