Angola Produced 1.692mb/d of Oil

Angola Produced 1.692mb/d of Oil

Oil production in Angola in November reached 1.692mb/d. This represents 124,800b/d increase than October’s output, according to the monthly report data from the Organization of Petroleum Exporting Countries (OPEC), Macau Hub reported.

Accordingly, Nigeria has caught up with Angola, by boosting oil production by 62,700b/d to reach to 1.692mb/d. This comes as OPEC crude oil production in November increased by 151,000mb/d when compared to October volumes, averaging 33.

87mb/d. Crude oil output increased the most in Angola, Nigeria and Libya, while production in Kuwait and Saudi Arabia showed the largest decline, according to Trend News Agency.

In the first half of 2016, Angola produced an average of 1.77mb/d of crude oil. However, in October, Nigeria overtaking Angola was Africa’s largest oil producer, after Angola  had stayed ahead for seven months.

In related news, BP Angola had announced that the Grande Plutonio production field, located in Block 18 in Angola’s offshore, had reached a new production milestone of 500m barrels of oil. The field, with an estimated gross production of 160,000b/d, is shared equally by Sonangol Sinopec International and BP Angola.


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