Angolan Oil & Gas Industry


I hope everyone is keeping safe out there! I am based in Cape Town, We have been fortunate for quite a few months as our COVID stats have been quite low. Many people have been enjoying their lives as per Pre- covid, however, we are not out of the woods yet. 

I would like to talk about the History of Oil and Gas in Angola as we are currently assisting with several projects in this sector short term and long Term. 

Producing more than 800,000 barrels per day, Angola is the second largest oil producer in sub-Saharan Africa. Oil accounts for 90 percent of total exports, more than 80 percent of government revenues and 42 percent of the country’s GDP. Oil output is expected to reach one million barrels per day by the year 2000. Since 1996 gigantic new discoveries are made and the country’s known recoverable reserves are currently estimated to total more than 7.7 billion barrels, but continuing exploration finds new reserves at the same rate oil companies deplete old ones.

The major Oil Producers in Angola are: Total, with 41 percent market share (800 barells per day- BPD), Chevron with 26 percent market share (510 bpd), Exxon Mobil with 19 percent market share (375 bpd), and BP with 13 percent market share (252 bpd).

Oil companies are attracted by Angola’s low operating costs, favourable geology and good business terms. Since the new President took over a few years ago, Angola has improved some platforms for investment in the country which we will expand on in another blog. 

Uniglo has a fully compliant solution in Angola and we can provide all manner of services such as a fully compliant payroll, sponsored employment, work, permits, opening of bank accounts as well as medical insurance. 

We cover all sectors in Angola such as Mining, Telecoms and Power Generation, but we are mentioning the oil and gas sector as this is the predominant industry and we are currently facilitating projects for some of the top LNG producers there. Whether you require you contractor there for a month or a year, Uniglo can provide a solution.  

Need a quote?  Please do not hesitate to contact us: u2us@uniglo-financial.com

Have a great weekend!