Ver Angola

Energy

Unplanned shutdowns generate loss of almost 35 million barrels of oil in the country

Angola registered production losses of around 35 million barrels of oil in 2019, due to unplanned stoppages and equipment malfunction, the National Oil and Gas Agency (ANPG) announced this Thursday.

: Bloomberg
Bloomberg  

In a balance sheet conference of the first year of activity of the concession agency, the Chairman of the ANPG Board of Directors, Jerónimo Paulino, said that the unplanned stoppages resulted in a daily loss of about 90 thousand barrels of oil.

According to Jerónimo Paulino, the main objective in the first phase is to reduce these unplanned stoppages by 50 per cent.

"If this happens we can count on around 40 to 45 thousand barrels of oil per day of production", he said.

The efficiency of the equipment, which as time goes by, requiring more maintenance, is 90 per cent, when the ideal would be 97 per cent, he said.

Angola, which is the second-largest oil producer in Africa, after Nigeria, recorded production of 1.383 million barrels of oil per day in 2019.