Angola expected to produce 2 million barrels of oil per day in 2015

17 December 2013

Angola’s oil production is expected to reach 2 million barrels per day in 2015, the chairman of state oil company Sonangol, Francisco Lemos said in Porto Amboim Monday.

After the naming ceremony for the CLOV floating production, storage and offloading (FPSO) unit, Lemos said that his projections already took into account investments carried out and projects that are underway.

In relation to projects that are underway, the Sonangol chairman said, the target would be reached once the CLOV FPSO unit and others such as “Pólo Este” and “Mafumeira Sul” start operating, the components for which will be built at the Porto Amboim Shipyard (Paenal).

The CLOV FPSO unit is one of the largest floating production, storage and offloading units in the world and is due to start operating on 14 January, off the coast of Angola, 140 kilometres to the northeast of Luanda.

Angola is currently the second-largest oil producer in sub-Saharan Africa, after Nigeria, with daily production of around 1.7 million barrels. (macauhub)