There are a lot of things to be done to reach the stabilization of crude oil production in the country, said the official, who did not state objectives or dates.
Cited by Angop, Paulo Jerónimo also considered that the challenge for the current legislature involves stimulating and reinforcing the replacement of reserves with the aim of mitigating the decline in production.
"This is what we are actually doing," he declared.
He also took the opportunity to mention that the country has about 820,000 square kilometers of sedimentary basin that needs an exploration plan to analyze its entire extension, writes Angop.
In this way, a 'green light' was given to a strategy for granting concessions that supposes the granting of around 50, between 2019 and 2025, said the official, adding that so far half of the concessions have been granted (about 25).
He also referred that "the bidding strategy, in addition to looking at the offshore, in deep and shallow waters, and the onshore on the coast, is also looking at the inland basins, with about 520 square kilometers of sedimentary basins", in who have already recognized "the existence of asphalt on the surface".