Angolan oil sector struggling to halt sustained output decline

摘要

Despite a revival in upstream activity offshore Angola this year, exploration enthusiasm in the African oil producer has been largely lackluster, pushing its government to extend the deadline for its latest oil licensing round. The move comes amid a dramatic decline in Angolan crude production, although with some recent discoveries there could be a marginal rebound in output by the end of the year, analysts and industry sources said June 14.