Angola Oil & Gas 2024 Launches in Luanda
The fifth edition of the Angola Oil & Gas conference launched in Luanda on Tuesday with a networking event uniting key players from across the industry.
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The fifth edition of the Angola Oil & Gas conference launched in Luanda on Tuesday with a networking event uniting key players from across the industry.
The Association of Petroleum Service Companies (aecipa) promotes local content as a strategic tool for scaling-up oil and gas operations in Angola.
AECIPA will participate at the Invest in African Energy 2024 forum with a delegation of 15 Angolan companies.
Reforms instituted over the last five years have positioned Angola as an increasingly strategic investment opportunity for diamond companies.
The program is expected to contribute to providing the qualified graduates needed to lead Angola’s mining sector into the future.
Opportunities for service companies in Angola include upstream oil and gas development, midstream refining, electricity production, and renewable energy deployment.
In recent months, a strong slate of contracts has been awarded for energy projects in Angola, showcasing the wealth of opportunities for service companies within the sector.
With substantial oil and gas reserves, an improved operating environment and a burgeoning energy industry, Angola is an attractive destination for international investors seeking opportunities in the African market.
Angola’s 2024 exit from OPEC, driven by production disputes, signifies a strategic pivot, with post-OPEC success hinging on gas projects and new investment.
The completion of the second phase increases Sonangol’s processing capacity to 125 million cubic feet, supporting the country’s gas monetization drive.