Angola Confirms New Offshore Oil and Gas Reserves With Katambi-2 Well

Angola's state-owned oil company, Sonangol, and its partner ANPG have successfully drilled a new appraisal well, Katambi-2, in the Benguela Basin offshore Angola. The well, located approximately 1.3 kilometers from Katambi-1, demonstrated high-quality reservoirs with potential for both oil and gas production. Initial tests revealed a stable production rate of 1,160 barrels of condensate per day and 41 million standard cubic feet of gas per day, indicating the economic viability of developing this discovery.

This marks the first full flow test of a non-associated gas reservoir in Angola, with preliminary assessments suggesting a potential production capacity of over 100 million cubic feet of gas per day. Angola aims to boost its oil production, which recently dropped below 1 million barrels per day for the first time in two and a half years, by harnessing its non-associated gas resources.