Angola – Estudo indica que até 2028 a produção de petróleo cairá 41%

Angola – Study Indicates That Oil Production Will Drop By 41% By 2028

Written by Roberta Souza

Published on 19/02/2020 at 11:40

petróleo, exportação, óleo combustível, petrobras

Seja o primeiro a reagir!

Studies Conducted by Fitch Solutions Say That Oil Production in Angola Will Fall by 41% by 2028

Studies conducted by Fitch Solutions say that oil production in Angola will decrease by 41% by the year 2028. In practice, this means 550,000 barrels daily. Based on the studies conducted by the consultancy, efforts will need to be doubled in the country’s oil exploration.

In comparison to the year 2019, a significant difference in the produced numbers is noted: the average production of the country was 1.3 million barrels per day. Still, Angola is the second-largest oil producer on the African continent.

ARTICLE CONTINUES BELOW

See also

However, according to the same study, the decline in oil production is not only a fact in the country but throughout the region. Analysts say that “New substantial investments are needed to offset the expected decline rates for the region.”

According to MIREMPET (National Directorate of Markets and Promotion of Commercialization of the Ministry of Mineral Resources and Petroleum), Angola exported about 470 million barrels of oil last year, at an average price of $65.2.

The annual value (2019) divided by 365 days gives an average of 1.312 million barrels daily. If this continues, by the year 2028, Angola would produce approximately 278 million barrels annually, which, at the current price, would represent $18.1 million. The practical representation of such a figure results in a decrease of 41%, compared to the $31.2 million exported.

The experts who authored the report further state that “Globally, the oil and gas sector has been grappling with the consequences of reduced demand, overproduction, and a low price evolution outlook, among other factors.” They also affirm that major market oil companies are more focused on cost containment than on launching new investments, despite discoveries in the region.

Angola – Study Indicates That Oil Production Will Drop By 41% By 2028

Studies Conducted by Fitch Solutions Say That Oil Production in Angola Will Fall by 41% by 2028

The oldest tree in the world, alive since before the birth of Jesus Christ, is cut down in a scientific study and the case changes environmental preservation rules.

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While in Brazil a 10-story building takes 2 years to complete, in China a company stacks pre-fabricated modules and raises the entire building in just 28 hours and 45 minutes.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

After ten days orbiting the Moon, science confirms that the astronauts of the Artemis II mission return with altered bodies.

With 7.4 trillion tons of artificial snow pumped in 10 years, an extreme operation could stabilize the West Antarctic ice sheet and prevent a sea level rise of more than 3 meters, but it would require snow cannons, ocean water, and energy on an almost industrial scale at the end of the world.

Peru built a tunnel at an altitude of 4,738 meters cutting through the Andes Mountains, and the road leading to it reaches 4,818 meters, making it the highest paved road in the entire world.

National Geographic strikes the hammer: yes, Africa is slowly splitting apart, a new ocean may form, and science considers this one of the most important geological phenomena of our time.

Watch created at USP is used by astronauts of Artemis II and brings Brazilian technology into NASA’s largest mission.

US$ 3.5 billion, a port capable of receiving the largest ships in the world, and a direct route to Shanghai place Chancay at the center of a logistics revolution that could cut up to two weeks off trade between South America and Asia, repositioning Peru as a new strategic hub of the Pacific.

Without a course in aerospace engineering and without a dedicated laboratory, USP students launch a rocket with a hybrid engine and bring Project Jupiter to the forefront of aerospace technology.

Goodbye USA! Trips to China soar as the US loses tourists, and the Asian giant dethrones the world’s greatest power and firmly enters the top of global tourism.

Angola – Study Indicates That Oil Production Will Drop By 41% By 2028

Studies Conducted by Fitch Solutions Say That Oil Production in Angola Will Fall by 41% by 2028

The oldest tree in the world, alive since before the birth of Jesus Christ, is cut down in a scientific study and the case changes environmental preservation rules.

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While in Brazil a 10-story building takes 2 years to complete, in China a company stacks pre-fabricated modules and raises the entire building in just 28 hours and 45 minutes.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

After ten days orbiting the Moon, science confirms that the astronauts of the Artemis II mission return with altered bodies.

With 7.4 trillion tons of artificial snow pumped in 10 years, an extreme operation could stabilize the West Antarctic ice sheet and prevent a sea level rise of more than 3 meters, but it would require snow cannons, ocean water, and energy on an almost industrial scale at the end of the world.

Peru built a tunnel at an altitude of 4,738 meters cutting through the Andes Mountains, and the road leading to it reaches 4,818 meters, making it the highest paved road in the entire world.

In 1996, with just R$ 1, it was possible to buy items like pants and everyday goods, but what has happened to the purchasing power of Brazilians from the beginning of the Real Plan until today?

Brazilians spend more hours in traffic each year than on vacation.

Privatized refinery charges diesel 87% more expensive than Petrobras.

IDV inaugurates production line in Minas Gerais to manufacture 420 LMV-BR 2 armored vehicles for the Brazilian Army and aims for export.

Brazilian multinational with debt exceeding R$ 11 billion resorts to the United States Justice and requests an additional 75 days to try to avoid a larger collapse, preserve contracts, and save 23,000 jobs.

National Geographic strikes the hammer: yes, Africa is slowly splitting apart, a new ocean may form, and science considers this one of the most important geological phenomena of our time.

Watch created at USP is used by astronauts of Artemis II and brings Brazilian technology into NASA’s largest mission.

US$ 3.5 billion, a port capable of receiving the largest ships in the world, and a direct route to Shanghai place Chancay at the center of a logistics revolution that could cut up to two weeks off trade between South America and Asia, repositioning Peru as a new strategic hub of the Pacific.

Without a course in aerospace engineering and without a dedicated laboratory, USP students launch a rocket with a hybrid engine and bring Project Jupiter to the forefront of aerospace technology.

Goodbye USA! Trips to China soar as the US loses tourists, and the Asian giant dethrones the world’s greatest power and firmly enters the top of global tourism.