Ver Angola


Angola has prospective gas volumes of 52 billions cubic feet

Angola has prospective natural gas volumes of 52 billions cubic feet (one cubic foot is approximately 28.3169 liters), but more investment is needed in exploration, said a head of the national Oil and Gas agency.


Américo Fernandes, who presented the numbers this Thursday at the Angola Oil&Gas conference, addressed some threats to the development of the sector in Angola, namely the lack of infrastructure, which means there is no market and makes investment and access to capital more expensive, technology and knowledge.

On the other hand, he pointed out opportunities such as exploration potential, with prospective volumes in the order of 52 billion cubic feet having been identified, which, he stressed, do not correspond to reserves but to the potential volume of the reservoir.

"What we classify as reserves is what will come out of the reservoir", he explained, adding that the volumes of gas discovered are around 36 billion cubic feet, of which 30 or 40 percent are identified as potential supply to the market.

"If we consider that we can recover 30 to 40 percent of this volume, we would have recoverable volumes of between 10 and 15 billion cubic feet, this is what we can offer the market", he explained.

"But until we drill wells, discover, we cannot say that we are going to develop and that we have reserves, we are not at this stage yet, we need to do exploration", continued the specialist from the National Petroleum, Gas and Biofuels Agency (ANPG).

The first flow of natural gas in Angola is expected in 2026, announced on Wednesday an official from the Italian oil company, Eni, one of the partners in the first non-associated gas consortium, which also includes Chevron, Sonangol, BP and Total.

Exploration of the Quiluma and Maboqueiro fields will begin in 2026 with a production of 330 million standard cubic feet per day (mmscf/day).

The Angola Oil&Gas conference, which began on Wednesday and ends this Thursday, brings together political decision-makers and managers from the main multinationals in the oil and gas sectors in Luanda.


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