Angola reports slight increase in oil production

Angola reports slight increase in oil production

Angola slightly increased its oil production by 0.42 percent, compared to the quantity predicted last August, announced the National Oil and Gas Agency.

National Oil and Gas Agency’s statistics are contained in a press release which put the oil production at 39.265 million barrels, with an average of 1.265 million barrels /day. The figure represents an increase of 0.42%. Previous forecast pointed to 1.260 million barrels per day.

As for the associated gas, the production was 94.228 million cubic feet, corresponding to an average of 3,040 MMSCFD, an increase of 9.63% above the forecast of 2,773 MMSCFD. In August, the Angola LNG processing unit had a production of 4,692,514 BOE.
This value adds LNG, Butane, Propane and Condensates, corresponding to an average of 151,371 BOEPD.

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Source: Angop

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