The president of the National Oil, Gas and Biofuels Agency (ANPG), who was speaking at a meeting with journalists promoted by the ministry, noted that the decline in production “is natural” and that the executive is trying to compensate for losses with new areas .
“We have a decline of 10 to 15 percent per year, which means that we stopped producing around 100 thousand barrels/day during the year, we need to replace this production”, but countering this trend “is not an easy effort, it is almost impossible”, highlighted the person responsible, reinforcing the need to be “realistic” and not “sell dreams”.
The person in charge discussed ongoing projects and incentives for companies to do more exploration, but noted that, for now, these are still “palliative measures”, so that production does not drop further until there is “a discovery in exploration”.
He highlighted the drilling of a well in the Namibe basin “and a series of opportunities that, if they result,” will allow production to be maintained or increased, although everything intended to be implemented is not yet in practice, he added.
In terms of opportunities, the president of the National Oil, Gas and Biofuels Agency stressed that Angola is one of the countries most likely to find oil in inland sedimentary basins, and new blocks should be put up for tender in 2025.
On the other hand, the Minister of Mineral Resources, Oil and Gas (Mirempet) gave an overview of the country's refineries, indicating that in the case of the Lobito refinery, construction is being negotiated with a Chinese company, which presented costs and execution time shorter than initially estimated.
“But the financing issue remains to be resolved,” stated Diamantino Azevedo, highlighting that he has already invited neighboring countries to be partners in the refinery.
“Zambia agreed, Namibia is reflecting, but it is necessary to put money in”, highlighted the Mirempet official.
