• Angola oil output rebounds to 1.03M barrels/day in August

• Boost driven by well rehab, satellite fields, major firms

• $71B in oil investments projected through 2028

Angola's oil production has returned to its usual levels, reaching 1.03 million barrels per day at the end of August 2025, according to figures from the National Agency for Petroleum, Gas and Biofuels (ANPG) reported Monday. This modest increase follows a dip in production below that key threshold in July.

The rebound was driven by major companies operating in the country, including TotalEnergies, ExxonMobil, and Azule Energy, a joint venture between BP and Eni. These companies have been working to rehabilitate mature wells, optimize existing facilities, and bring satellite fields online.

Azule Energy also plans to invest $5 billion over the next four to five years. The investment project includes drilling 18 new production wells, with two-thirds to be operated directly by the joint venture.

Since 2019, Angola has been awarding oil blocks to companies to support oil and gas exploration and production. The recovery in output comes as a new licensing round is expected in the fourth quarter of 2025. This upcoming round will serve as a key indicator of the Angolan basin’s appeal to investors.

According to World Bank data, the oil sector remains central to Angola's economy. It accounts for more than 90% of exports, 28.9% of GDP, and about 70% of government revenue. The country projects $71 billion in oil sector investments through 2028, up from $50 billion between 2019 and 2023.

Abdel-Latif Boureima