Angola's Oil Output Exceeds One Million Barrels Per Day Mark
Angola's crude oil production experienced a significant rebound, reaching 1.03 million barrels per day (bpd) by the end of August 2025. This increase follows a temporary decline in July, when output fell to 998,757 bpd, marking the first time production dropped below the one-million-bpd threshold since March 2023. The National Agency for Petroleum, Gas and Biofuels (ANPG) reported these figures, highlighting the country's efforts to stabilize its vital oil sector.
Major Operators Drive Recovery Efforts
The recovery is largely attributed to the strategic initiatives undertaken by key international energy companies operating in Angola, including TotalEnergies, ExxonMobil, and Azule Energy. These companies have focused on several fronts to boost production:
- Rehabilitating mature wells
- Optimizing existing facilities
- Bringing satellite fields online
TotalEnergies' Contributions
TotalEnergies has played a substantial role, enhancing its production capacity in Angola in 2025 with two major projects, the CLOV Phase 3 Development and the Begonia oilfields, collectively adding 60,000 bpd to the market. The company also approved the $6 billion Kaminho project, which is expected to achieve first oil by 2028 with a peak capacity of 70,000 bpd. TotalEnergies operates several deep and ultra-deep offshore licenses, including Block 17 and Block 32.
ExxonMobil's Continued Investment
ExxonMobil has demonstrated its long-term commitment to Angola by extending its production sharing contract for deepwater Block 15 until 2037 and renewing its Block 17 contract in partnership with TotalEnergies. The company continues to invest in exploration projects and re-invest in producing assets, having produced over 2.5 billion barrels from Block 15 over three decades.
Azule Energy's Strategic Developments
Azule Energy, a joint venture between BP and Eni, is a significant contributor to Angola's oil and gas landscape. The company plans to invest $5 billion over the next four to five years, which includes drilling 18 new production wells. Azule Energy is actively involved in the Agogo Integrated West Hub Development, which is projected to boost production by 120,000 bpd, with first oil from the Agogo FPSO anticipated in late 2025. Additionally, Azule Energy is a key partner in the New Gas Consortium (NGC) project, Angola's first non-associated gas development.
Economic Significance and Future Outlook
The Angolan government has set a key target of maintaining production at approximately 1 million bpd since its departure from OPEC in 2023. The oil sector remains the backbone of Angola's economy, accounting for over 90% of exports, 28.9% of GDP, and roughly 70% of government revenue. To sustain this momentum, Angola plans to launch a new oil-licensing round in the fourth quarter of 2025. The country projects substantial investments of $71 billion in the oil sector through 2028, underscoring its commitment to long-term energy growth.
5 Comments
Bella Ciao
This rebound is undoubtedly a win for Angola's current energy sector and GDP figures. Still, the global shift towards renewable energy means they need a robust transition plan to avoid being left behind in a few decades.
Muchacha
Angola is proving itself as a key player in the energy sector. Keep that momentum going!
Mariposa
It's good that Angola is securing its immediate economic stability with this production increase. However, the heavy reliance on oil also makes them vulnerable to price fluctuations and environmental pressures in the long run.
ZmeeLove
More fossil fuels? This is a step backward for the planet, not progress.
Mariposa
Foreign companies extracting resources. Sounds like a familiar, problematic colonial story.