"The measures are very positive and very unusual in this industry," praised Nina Birgitte Koch during an interview with the financial information agency Bloomberg in Cape Town, on the sidelines of a conference.
The measures taken by the government "will unlock resources that would otherwise be trapped, so it is a very proactive approach," said Equinor's vice-president for Africa, referring to the measures that Angola is implementing to encourage extraction from older and more marginal wells.
This South African oil company pumps the equivalent of 110,000 barrels of oil per day in Angola, making it the country with the largest percentage of African production, writes Bloomberg, noting that production in Angola is around one million barrels per day, which means that Equinor represents 10 percent of the total produced in this country.
Angola is trying to stem a years-long decline in oil production due to a lack of investment, and even left the Organization of the Petroleum Exporting Countries (OPEC) in December last year due to production limitations, which Angola did not accept.