Angolan oil production falls in 2009

31 December 2009

Luanda, Angola, 31 Dec – Crude oil production in Angola totalled 601 million barrels in he period from January to November, which is a fall against the same period of 2008, the country’s Oil Minister, Botelho de Vasconcelos said Wednesday.

According to the oil minister Angolan oil production in 2009 saw a drop of just over 34 million barrels due to cuts imposed by the Organisation of Petroleum Exporting Countries (OPEC) due to the instability of crude oil on the international market and the world financial crisis.

Angola’s OPEC quota was of 1.656 million barrels per day, which began to be reduced as of December 2008 by the oil cartel, of which Angola is a full member.

In terms of the production sector the minister said that between January and November 2009 Angola had produced 6 million barrels of liquid natural gas (LNG) and noted that the Gimbôa field in block 4/05, the Mafumeira Norte field, in block 0, and the Tômbua-Landana, in block 14 had gone into production.

Vasconcelos also said that 77 test wells had been drilled, whilst the development projects of Pazflor, in block 17, and PSVM, in block 31, continued to be carried out. (macauhub)