Angola produces 1.77 million barrels of oil per day in second quarter

2 September 2013

Oil production in Angola totalled 160.1 million barrels in the second quarter of the year, according to the government’s Activities Report for that three-month period.

Angola’s oil production this year stands at around 1.75 million barrels per day, on average, and reserves are estimated at 12.7 billion barrels.

Figures show that average oil production in Angola was 1.7 million barrels of oil per day last year, a period in which the first phase of the Satélites do Kizomba project was launched, in Block 15 of the Angolan sea.

As in 2011, last year production oscillated due to technical and maintenance problems at some oil fields, which meant production was lower than expected.

These changes can be seen in the 1.76 million a day average in the first quarter and the 1.74 million barrels a day in the second quarter.

Angola’s oil production accounts for around 2 percent of world production, and in August the country sent its third shipment of liquid natural gas (LNG), to Southeast Asia, after the first two shipments were sent to Brazil and China. (macauhub)