CIVIL WAR TO REDUCE ANGOLA'S OIL OUTPUT; REBOUND DUE IN 1994

The civil war in Angola is expected to trim the country's oil production for 1993 to an average 521,500 b/d, down 6% from 1992. Angolan production will rebound next year and reach a new high of 715,960 b/d in 1996, says Wood Mackenzie Consultants Ltd., Edinburgh. The resurgence will be driven by a recovery in exploration and appraisal drilling this year, which is likely to be maintained for 5 years.

In order to access this content, you must be logged-in and have an active subscription to the OGJ Premium Archive

Subscribe

More in Companies