Angolan state oil company Sonangol has unveiled a series of initiatives it hopes will help stem an imminent decline in oil production and encourage upstream players to begin investing in much-needed exploration activities.
Sonangol reported late last week that Angola’s oil production averaged 1.49 million barrels per day in September, down 8.3% from 1.63 million bpd in 2017 which itself was a reduction from the 1.72
