First offshore oil from the Kwanza Basin arrives in 2028. Reserves are estimated at 400 million barrels
The production of the first oil in the Kwanza Basin offshore is expected to take place in 2028, the Minister of Mineral Resources, Oil and Gas said this Monday, highlighting the estimated reserves of 400 million barrels.
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Oxford Economics predicts oil production to be 1.16 million barrels per day
British consultancy Oxford Economics considered that oil production in Angola is expected to increase by three percent this year, rising from 1.13 million barrels per day in 2023 to 1.16 million this year.
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