The Angola’s Oil Ministry has announced that the oil production at the outlined level of 40,000bpd, according to the 2012 joint oil exploration agreement between Angola and Congo Brazzaville, has been met, MacauHub wrote with reference to a report published by Jornal de Angola newspapers.

Angolan Oil Minister, Botelho de Vasconcelos, said in Luanda, that the operations in the Lianzi field would continue, despite low oil prices.

Congolese Minister of Hydrocarbons, Jean-Marc Thystère-Tchicaya, said that the project’s success had demonstrated a capacity to pursue joint economic projects promising mutual benefits.

The exploration site is located in deep waters (up to 1,000 metres) in the high seas, covers an area of ​​700 square km between the two countries, and is estimated to contain 70m barrels of oil reserves.