<\/p>\n
Angola\u2019s deepwater market success continues to shine a spotlight on the country\u2019s untapped oil and gas potential.\u00a0The country\u2019s exploration opportunities remain high with recent deepwater discoveries making clear the frontier potential of the mature producer.<\/p>\n<\/p>\n
With opportunities consistently emerging across the Angolan deepwater landscape, the country\u2019s official energy conference,\u00a0Angola Oil & Gas (AOG) (https:\/\/bit.ly\/3tsQjym<\/a>) \u00a0\u2013 taking place from November 29 to December 1 \u2013 seeks to drive new investment and development across these basins, connecting regional and international explorers with policymakers and concessionaires in Angola.<\/p>\n For its part,\u00a0Angola (https:\/\/bit.ly\/3O4qAWx<\/a>) \u00a0has been quick to seize the opportunities present in both the deep- and ultra-deepwater, with a number of exploration campaigns unlocking sizable finds. Angola\u2019s deepwater play commenced with the startup of the Kuito Field in 2000 by global energy major Chevron. At a depth of 400 meters, the project has catapulted Angola into a highly attractive deepwater destination, with hydrocarbon reserves found in water depths ranging from 300 meters to 1,200 meters continuing to outperform those located on the continental shelf. In 2022, the Angolan government, represented by the Ministry of Mineral Resources, Petroleum and Gas, continues to spearhead ambitious projects in a bid to unlock Angola\u2019s deepwater reserves even further.<\/p>\n The most promising development currently underway is the\u00a0Cameia-Golfinho deepwater project (https:\/\/bit.ly\/3hxejxp<\/a>)\u00a0led by French energy major, TotalEnergies. Located in Block 20\/11 and Block 21\/09, respectively, and estimated to hold up to 420 million barrels of oil equivalent, the project is set to reverse the country\u2019s production decline by bringing critical new resources online. The find itself represents one of seven deepwater discoveries made in the sisterly blocks. With TotalEnergies having launched a tender for a new 100,000 Floating Production, Storage and Offloading (FPSO) facility to service the Golfinho field, the French energy major is targeting a final investment decision by 2023 and first production by 2026.<\/p>\n In addition to the Cameia-Golfinho deepwater project, a number of other deepwater developments are currently underway that promise new opportunities for production increases. The most notable of these include Eni\u2019s ultra-deepwater\u00a0Agogo full field development (https:\/\/bit.ly\/3TGwEWa<\/a>)\u00a0which is located on Block 15\/06. Following a series of exploration campaigns and the resultant discoveries in the block, the Italian energy major brought the Agogo field online in just nine months. With approximately 205 million barrels of oil reserves, Agogo is set to produce up to 42,000 barrels per day at full capacity with FID expected by 2023 and start of production by 2026.<\/p>\n However, exploration opportunities remain high with a series of campaigns hoping to mirror discoveries already made in the country. In this regard,\u00a0AOG 2022 (https:\/\/bit.ly\/3g7fqne<\/a>)\u00a0represents the ideal platform for current and potential explorers to secure licenses and commence upstream campaigns. With a focus on reversing declining production trends, unlocking new investment in\u00a0Angolan oil and gas (https:\/\/bit.ly\/3Aiekfn<\/a>)\u00a0while creating value within the Angolan deepwater landscape, AOG 2022 is set to usher in a new era of hydrocarbon growth through its innovative networking forums, collaborative discussions and deal-signing sessions.<\/p>\n Are you an explorer eager to tap into Angola\u2019s promising deepwater prospects? Or are you an investor looking at capitalizing on lucrative hydrocarbon opportunities in Africa\u2019s biggest oil producer? Join us at AOG 2022 and secure your spot among industry leaders. For more information, visit\u00a0https:\/\/bit.ly\/3ExLBFG<\/a> \u00a0<\/p>\n Distributed by APO Group on behalf of Energy Capital & Power.<\/i><\/p>\n Source<\/a> Angola\u2019s deepwater market success continues to shine a spotlight on the country\u2019s untapped oil and gas potential.\u00a0The country\u2019s exploration opportunities remain high with recent deepwater discoveries making clear the frontier potential of the mature producer. With opportunities consistently emerging across the Angolan deepwater landscape, the country\u2019s official energy conference,\u00a0Angola Oil & Gas (AOG) (https:\/\/bit.ly\/3tsQjym) \u00a0\u2013 […]<\/p>\n","protected":false},"author":11,"featured_media":94585,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/www.africa-newsroom.com\/uploads\/socialshare.jpg","fifu_image_alt":"","footnotes":""},"categories":[4262],"tags":[258,256,24143,3941,4263,13368,33166,37904,43966,7168,257,4221,9398,254,19587],"class_list":["post-94584","post","type-post","status-publish","format-standard","has-post-thumbnail","category-angola","tag-africa","tag-africa-news","tag-amp","tag-angola","tag-angola-news","tag-angolas","tag-aog","tag-basins","tag-deepwater","tag-gas","tag-news","tag-oil","tag-potential","tag-south-africa-today","tag-unlock"],"fifu_image_url":"https:\/\/www.africa-newsroom.com\/uploads\/socialshare.jpg","_links":{"self":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts\/94584","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/comments?post=94584"}],"version-history":[{"count":0,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts\/94584\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/media\/94585"}],"wp:attachment":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/media?parent=94584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/categories?post=94584"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/tags?post=94584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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South Africa Today Africa \u2013 Southern Africa Angola<\/a> News<\/p>\n","protected":false},"excerpt":{"rendered":"