1 March 2010
Angola's oil development pipeline stalls
Two mega-projects involving eight fields are under construction, but both went ahead before Angola was allocated its restrictive Opec production quota, of 1.517m barrels a day (b/d), in January 2009. Total launched its Pazflor development, covering the Perpétua, Hortensia, Zinia and Acacia fields in Block 17, at the end of 2007, while BP started on its Plutão, Saturno, Vênus and Marte (PSVM) development in Block 31 in July 2008. Both are due on stream next year and should reach their plateau rates – 220,000 b/d for Pazflor, 150,000 b/d for PSVM – in 2012 or soon after. The additional flows, together with growth off Cabinda, will raise the country's capacity from 2.1m b/d at present to about
Also in this section
19 January 2026
Newfound optimism is emerging that a dormant exploration frontier could become a strategic energy play and—whisper it quietly—Europe’s next offshore opportunity
16 January 2026
The country’s global energy importance and domestic political fate are interlocked, highlighting its outsized oil and gas powers, and the heightened fallout risk
16 January 2026
The global maritime oil transport sector enters 2026 facing a rare convergence of crude oversupply, record newbuild deliveries and the potential easing of several geopolitical disruptions that have shaped trade flows since 2022
15 January 2026
Rebuilding industry, energy dominance and lower energy costs are key goals that remain at odds in 2026
