Did you know that because Angola oil reserves are rapidly being discovered, the Angolan government plans to increase oil production averaged at 1.84 million barrels this year?
With significant discoveries made concerning Angola oil reserves, the country is the second-largest oil producer in Sub-Saharan Africa (after Nigeria). Exploration activity proposes that Angola oil reserves may be much bigger than expected. MUCH! The country is home to some of the top international oil and gas companies and the country’s production and exportation is the most influential player in Africa’s oil and gas industry. The economy is pretty much reliant on oil production which is why the vast discoveries of Angola oil reserves is crucial to the country’s development.
Increased discoveries of Angola oil reserves doesn’t only mean more oil related jobs for the country, but also the amount of oil barrels exported from Angola has never been this big. Confirmed recently, Angola oil reserves amount to roughly 13 billion barrels. This incredible amount is 4 billion barrels more than what the Organization of the Petroleum Exporting Countries (OPEC) estimated. OPEC additionally disclosed that 9.1 billion barrels of Angola oil reserves was the amount the country had roughly one year ago. The petroleum vice minister of Angola provided public information that the country maintained a production figure for 2013 amounting to 1.7 million barrels of oil per day.
Angola oil reserves expect to hit a high of 2 million barrels per day by the year 2015. A shipping list indicated last year that Angola oil reserves would lead to oil exports amounting to roughly 1.74 million barrels per day. What does this mean? This means that Angola oil reserves will be equivalent to Nigeria; the top African oil producer.
Would you like to work in Angola? Besides being a vibrant and culturally diverse African nation, Angola oil reserves are on the rise which means the country’s Oil Sector demands more skilled workers. Is this you? Send us your CV today: zoe@caglobalint.com
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