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Oil Reserves in Angola
- By Oil and Gas Author
- Published 08/28/2006
- Petroleum Pipeline , Offshore Drilling , Oil and Natural Gas Prices , Environment and Pollution , Oil Drilling and Completion , Liquefied Natural Gas LNG , Exploration and Discoveries , Natural Gas Petroleum , Crude Oil Petroleum
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View all articles by Oil and Gas AuthorAngola is sub-Saharan Africas second largest Oil producer behind Nigeria. Angolas Crude Oil production has more than quadrupled over the past two decades. In 1986, crude oil production averaged 280,000 barrels per day (bbl/d), while production in 2005 averaged 1.25 million bbl/d. Oil production is predicted to reach two million bbl/d by 2008, when new deep-water production sites are expected to come online. Angolas oil consumption is relatively small. In 2005, Angolan oil consumption averaged 60,000 bbl/d. However, oil consumption is expected to increase as Angolas infrastructure is refurbished and expanded.
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