ENA NEWS · Upstream
$10 Billion Angola Investment Signals Fight to Hold Crude Output
TotalEnergies and its partners plan to invest USD 10 billion in Angola over five years to sustain production, Bloomberg reports via Rigzone. The company currently produces about 450,000 barrels per day in the country. The programme highlights the capital required to offset mature-field decline and defend future Atlantic Basin supply.
News summary. Original reporting is linked below.
Read original source · Bloomberg via Rigzone