In a report launched by Africa Oil & Power titled ‘Angola COVID-19 Response’ which analysed Angola’s strategy to mitigate the impact of COVID-19 on Angola’s energy sector, the Minister of Mineral Resources, His Excellency Diamantino Azevedo, said stopping production decline is a top priority for the country.
He was quoted in the report saying, “Mitigating the natural decline of production represents one of the largest challenges of the sector and therefore, it is our top priority.” The Minister said the upstream strategy of the ministry is based on four pillars which are easing access to new promising acreage, improving geological information and access to it, successfully deploying the General Concession Award Strategy and intensifying exploration activity.
The President of Agência Nacional de Petróleo, Gás e Biocombustíveis – the Angolan National Petroleum and Gas Agency (ANPG), His Excellency Paulino Jerónimo, praised the government’s efforts with oil and gas majors in the country to ensure the continuity of operations, particularly with the license extensions granted to the operators of blocks 14, 15, 17 and 18.
He noted the key progress made in natural gas monetisation, stressing on the “New Gas Consortium , which provides for the development of gas fields in blocks 1, 2 and 3 for the supply of Angola LNG and for other domestic projects, and the Sanha Lean Gas Connection from Cabinda which aims to build a platform for sending gas from the Nemba and Sanha fields to Angola LNG.”
The President of the Africa Energy Chamber for Angola, Sergio Pugliese said, “At this pivotal moment in the Angolan global oil and gas industry, where uncertainty dominates the sector, the Angola COVID-19 Response report helps bring clarity to the public discourse on Angola. and It helps understand, as well as value the determined actions taken by the Angolan government authorities to mitigate the impact of this crisis.”
The report on the oil sector highlights the progress made so far and the plans for the future. It includes extensive analysis of several strategies and polices implemented by the regulators of the sector. It also includes interviews with Total Angola, Equinor Angola, and others.
