Angola
Deepwater Blocks, a Long Decline and the Fight to Hold One Million Barrels
Key Takeaways
- •Angola's oil output averaged 1,036,763 barrels per day in 2025 by ANPG data, about 45 percent below the 2008 peak of 1,900,840 b/d.
- •September 2026 output was 1,045,387 b/d across 16 producing concessions, 13 of them offshore (ANPG monthly report, October 14, 2026).
- •Block 17, operated by TotalEnergies, produced 299,853 b/d in September 2026, about 29 percent of the national total.
- •The state's share of production (the country's entitlement) was 453,980 b/d in September 2026, about 43 percent of gross output.
- •China took 59.6 percent of Angola's crude exports in the third quarter of 2025, by the oil ministry's export balance.
Angola at a glance
Angola produced an average of 1,036,763 barrels per day (b/d) of oil in 2025, according to the historical production series of the Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG), the national concessionaire (ANPG production data, checked October 2026). The same series shows a peak of 1,900,840 b/d in 2008, so 2025 output was about 45 percent below the high. In September 2026, the most recent month published, production was 1,045,387 b/d from 16 producing concessions, three onshore and thirteen offshore, against an ANPG forecast of 1,017,198 b/d (ANPG monthly production summary, September 2026, published October 14, 2026, checked October 2026). Nearly all of it comes from offshore fields, and about 84 percent from deep and ultra-deep water.
This page builds Angola's oil picture from ANPG's own figures: the annual series from 1955, the monthly reports for 2026, and the block-by-block breakdown. Where a figure comes from another source, it says so.
Seventy years of output in one table
| Year | Oil output (b/d) | Note |
|---|---|---|
| 1956 | 162 | first full year in the ANPG series |
| 1975 | 156,081 | independence year |
| 1980 | 135,765 | |
| 1990 | 473,764 | |
| 2000 | 745,555 | |
| 2005 | 1,246,278 | deepwater ramp-up |
| 2008 | 1,900,840 | all-time peak |
| 2010 | 1,757,602 | |
| 2015 | 1,745,122 | |
| 2018 | 1,473,268 | |
| 2020 | 1,271,460 | |
| 2021 | 1,124,457 | |
| 2022 | 1,136,711 | |
| 2023 | 1,099,611 | |
| 2024 | 1,124,478 | |
| 2025 | 1,036,763 |
Source: ANPG production history series ("ANPG - Direcção de Produção"), checked October 2026.
The shape is clear: a slow build until the 1990s, a steep rise between 2000 and 2008 as the first deepwater developments came on stream, a plateau of roughly 1.7 million b/d until 2016, and then a decline that has flattened, but not reversed, since 2021. The 2025 figure was 7.8 percent below 2024.
Worked example: the decline rate since the peak
From 1,900,840 b/d in 2008 to 1,036,763 b/d in 2025 is a fall of 864,077 b/d over 17 years. As a compound annual rate, that is about -3.5 percent a year. The rate was not even: output held near 1.7 million b/d through 2016, then fell about 35 percent in five years to 2021, and has moved sideways around 1.1 million b/d since. The flattening after 2021 reflects new tiebacks and infill wells offsetting the natural decline of the fields that were built in the 2000s. Holding one million b/d is therefore an active program, not a default outcome.
Where the barrels come from: blocks and operators
Angola's oil is produced from licensed blocks, each run by an operator for a contractor group, with ANPG as concessionaire. The September 2026 report lists production by block:
| Block | September 2026 (b/d) | Share of national total |
|---|---|---|
| Block 17 | 299,853 | 28.7% |
| Block 15 | 167,595 | 16.0% |
| Block 15/06 | 151,160 | 14.5% |
| Block 0 | 124,054 | 11.9% |
| Block 32 | 109,484 | 10.5% |
| Block 18 | 48,040 | 4.6% |
| Block 31 | 39,938 | 3.8% |
| Block 17/06 | 34,567 | 3.3% |
| Block 14 | 31,810 | 3.0% |
| Block 3/05 | 19,195 | 1.8% |
| Block 2 | 17,009 | 1.6% |
| Other (3/05A, FS, FST, Cabinda Sul, 14K) | 2,682 | 0.3% |
| Total | 1,045,387 | 100% |
Source: ANPG, Resumo mensal sobre a produção petrolífera, September 2026, checked October 2026. Shares computed by PetroEyes.
Five blocks (17, 15, 15/06, 0 and 32) produce more than 80 percent of the country's oil. The ANPG's operator table for the same month assigns 42.46 percent of oil production to TotalEnergies (Blocks 17, 17/06 and 32), 22.88 percent to Azule Energy (Blocks 15/06, 18 and 31), 16.03 percent to Esso (Block 15), 14.91 percent to Chevron (Blocks 0 and 14), 1.87 percent to Sonangol's production arm (Blocks 3 and 3/05A) and 1.83 percent to Etu Energias.
The September 2026 report also splits output by setting: 70.12 percent deepwater (Blocks 14, 14K, 15, 15/06, 17, 17/06 and 18), 14.29 percent ultra-deepwater (Blocks 31 and 32), 15.36 percent shallow water (Blocks 0, 2/05, 3/05 and 3/05A), and 0.23 percent onshore (Cabinda Sul and the FS and FST associations). The shallow-water share is mostly Block 0 off Cabinda, the country's oldest offshore production area.
For gas the operator ranking is different. In September 2026 Chevron accounted for 42.24 percent of gas production through Blocks 0 and 14, Esso for 20.49 percent, TotalEnergies for 20.37 percent and Azule Energy for 12.95 percent, which reflects the role of the Cabinda blocks in supplying Angola LNG.
Wells: how much each block gets from each producer
ANPG's monthly report also counts wells by block and status. Dividing each block's output by its open oil wells gives a rough productivity measure, which shows how different the deepwater hubs are from the older shallow-water fields.
| Block | Open oil wells, Sept 2026 | Oil output (b/d) | Approx. b/d per open oil well |
|---|---|---|---|
| Block 0 (shallow, Cabinda) | 315 | 124,054 | 394 |
| Block 14 | 50 | 31,810 | 636 |
| Block 15 | 90 | 167,595 | 1,862 |
| Block 17 | 131 | 299,853 | 2,289 |
| Block 18 | 18 | 48,040 | 2,669 |
| Block 31 | 16 | 39,938 | 2,496 |
| Block 32 | 29 | 109,484 | 3,775 |
| Block 15/06 | 33 | 151,160 | 4,581 |
Source: ANPG September 2026 monthly data (well status table and block production), checked October 2026. Productivity computed by PetroEyes; well counts are open producing oil wells as reported, and some blocks report closed wells in addition.
Worked example: why new hubs matter so much
Block 0 needs 315 open wells to produce about 124,000 b/d. Block 15/06, home to the newest developments, produces about 151,000 b/d from 33. A new deepwater well in a young reservoir can deliver several thousand barrels a day, while an old shallow-water well delivers a few hundred and usually more water. That is why the national production path depends so heavily on a few new projects and why delays to a single FPSO hookup show up in the monthly total. It is also why the ratio of closed to open wells is high in the oldest areas: Block 0 reports 505 closed oil wells against 315 open ones.
Monthly output in 2026, against forecast
| Month (2026) | Oil (b/d) | ANPG forecast (b/d) | Country share (b/d) | Gas produced (MMscf/d) |
|---|---|---|---|---|
| June | 1,039,979 | 1,026,704 | 481,372 | 2,663 |
| July | 1,010,562 | 1,031,896 | 418,525 | 2,259 |
| August | 1,005,665 | 1,090,845 | 405,630 | 2,388 |
| September | 1,045,387 | 1,017,198 | 453,980 | 2,795 |
Source: ANPG monthly production data, checked October 2026.
Output beat ANPG's forecast in June and September and fell short in July and August, when it ran about 85,000 b/d below the August plan. September was 1.30 percent below September 2025 (1,059,197 b/d) and 3.95 percent above August. Monthly swings of this size are normal for an FPSO-based industry: one vessel's maintenance shutdown can remove tens of thousands of barrels a day for weeks.
The country share: how much of each barrel belongs to Angola
Most Angolan blocks operate under production-sharing arrangements, in which oil is divided between the contractor group, which recovers its costs and takes a share of profit oil, and the state. The ANPG's monthly report publishes the resulting "quota parte do país", the country's share.
Worked example: reading the country share
In September 2026 the country share was 13,619,415 barrels, or 453,980 b/d, out of total production of 31,361,622 barrels.
- 453,980 / 1,045,387 = 43.4 percent of gross output belonged to the state that month.
- In June the share was 46.3 percent, in July 41.4 percent and in August 40.3 percent.
The share moves from month to month because cost recovery, profit-oil splits and the timing of cargo liftings differ by block and by month. Two practical consequences follow. First, a headline about national production overstates the oil the state actually sells; in recent months the state's barrels have been between about 400,000 and 480,000 b/d. Second, a block with a high state share contributes more to public revenue per barrel than its production share suggests, so changes in the block mix can affect fiscal income even if national output is flat.
Exports and who buys them
Angola exports almost all of its crude. The Ministry of Mineral Resources, Oil and Gas's preliminary export balance for the third quarter of 2025, published through ANPG, reported exports of about 90.95 million barrels, valued at about USD 6.29 billion, with Dated Brent averaging USD 69.127 per barrel in the quarter (ANPG news, October 24, 2025, checked October 2026). The destinations:
| Destination, Q3 2025 | Share of crude exports |
|---|---|
| China | 59.63% |
| India | 8.59% |
| Indonesia | 7.61% |
| Spain | 4.13% |
| Others | about 20% |
Dividing value by volume gives an implied average of about USD 69.2 per barrel, almost exactly the Dated Brent average for the quarter. That near-parity is what one would expect for Angola's medium, relatively sweet deepwater grades, which are priced against Dated Brent. For the mechanics of benchmark pricing, see our explainer on the WTI and Brent spread. The export volume implies about 989,000 b/d over the 92-day quarter, consistent with production of about one million b/d and minimal domestic refining.
The ministry also reported that ANPG sold 24,543,698 barrels of the quarter's volume and Sonangol 10,916,634 barrels, the state entities' own marketed barrels, and that gas exports were about 1.63 million tonnes in the quarter, 88.62 percent of it as LNG.
Gas: Angola LNG and the new supply lines
Angola produced 2,795 million standard cubic feet per day (MMscf/d) of gas in September 2026, 32 percent above ANPG's forecast, and flared 168 MMscf/d, about 6 percent of production and below the 226 MMscf/d planned. The Angola LNG plant at Soyo produced 156,472 barrels of oil equivalent per day in September, of which LNG was 134,680, and seven LNG cargoes were loaded in the month. Gas for the plant came from Blocks 0, 14, 17, 18, 31 and 32 and from the New Gas Consortium (NGC).
Infrastructure to feed the plant is being expanded. ANPG reported in March 2025 that the Sanha Lean Gas Connection project in Block 0, operated by Chevron's Angolan subsidiary, raises the capacity to send gas to Angola LNG from 300 to 600 million cubic feet per day through the CRX pipeline, using gas from Block 14 and Block 0 that was previously reinjected (ANPG news, March 7, 2025, checked October 2026).
The newest oil: Agogo and Ndungu in Block 15/06
The clearest recent example of how Angola fights decline is the Agogo Integrated West Hub in Block 15/06, operated by Azule Energy with 36.84 percent, alongside Sonangol (36.84 percent) and Sinopec International (26.32 percent). ANPG reported that:
- the Agogo FPSO started production on July 29, 2025, 29 months after the project was approved in February 2023;
- Agogo and Ndungu together hold estimated reserves of about 450 million barrels, with projected peak production of 175,000 b/d across two FPSOs (Agogo and Ngoma);
- the full-field development of Ndungu started on February 19, 2026, with the first three wells, about 10 km from the Ngoma FPSO in roughly 1,100 metres of water, and is planned to reach a peak of 60,000 b/d from seven producers and four injectors.
(ANPG news, July 30, 2025 and February 20, 2026, checked October 2026.)
The scale matters. A 175,000 b/d peak for one hub equals about 17 percent of national output in September 2026, which shows how much each new deepwater project counts in a country where a handful of hubs carry production. It also shows the treadmill: new hubs of this size are needed every few years just to offset decline in the older blocks.
How to read an ANPG monthly report
ANPG publishes a short monthly summary of the previous month's production, usually in the middle of the following month; the September 2026 summary appeared on October 14, 2026. The format is consistent, which makes it easy to track. Five lines carry most of the information:
- Oil production, in total barrels and b/d, against ANPG's own forecast. The forecast is the agency's operating plan, so a miss usually points to an unplanned shutdown or a delayed start-up rather than a market signal.
- The country share. The state's entitlement barrels, which drive fiscal revenue more directly than gross output.
- Year-on-year and month-on-month changes. September 2026 was 1.30 percent below September 2025 and 3.95 percent above August 2026.
- Gas produced and gas flared. In September 2026, 2,795 MMscf/d produced and 168 MMscf/d flared. Flaring below plan is a sign of gas-handling systems and the LNG plant running well.
- Angola LNG output and liquids. The plant's 156,472 boe/d in September comprised LNG (134,680), propane (9,679), butane (6,890) and condensate (5,224), with plant efficiency of 94.02 percent.
The report also gives a production efficiency figure for oil, 92.57 percent in September 2026 against a forecast of about 92 percent, which measures how much of available capacity was actually produced. Sustained efficiency below forecast is an early warning of reliability problems at the FPSO fleet, which is ageing in the older blocks.
Turning monthly reports into a trend
Because the monthly summaries give total barrels as well as daily averages, quarterly and annual figures can be built by adding barrels and dividing by days, rather than averaging daily rates. That matters when months have different lengths or when one month includes a long outage. The annual figures in the history table above are published by ANPG directly and need no such adjustment.
OPEC membership
Angola is no longer an OPEC member. The U.S. Energy Information Administration's January 2024 Short-Term Energy Outlook, completed on January 4, 2024, lists OPEC members without Angola and places Angola in its non-OPEC supply table for Africa (EIA STEO, January 2024, checked October 2026). Outside the group, Angola's output is not subject to OPEC+ production targets; whether that changes its production path depends on geology and investment, not on quotas. For how those targets work for current members, see our OPEC+ explainer.
Where Angola's figures can mislead
- Oil versus total crude. ANPG reports "oil" (óleo) separately from condensate and LPG. In September 2026, adding ALNG condensate and LPG brought total crude production to 1,071,723 barrels of oil equivalent per day, about 26,000 more than the oil-only figure. Compare like with like.
- Gross versus entitlement. Production figures are gross. The country share and each partner's entitlement are smaller and vary month to month.
- Forecast versus outcome. ANPG publishes its own monthly forecast; a "beat" or "miss" depends on that internal plan and is not a market consensus.
- Partial monthly series. The detailed monthly records used here cover June to September 2026; earlier 2026 months were published as reports but are not tabulated on this page.
- Exports. Export shares are for one quarter and can change with cargo timing. China's share is high in most periods but is not fixed.
Frequently asked questions
How much oil does Angola produce?
ANPG data show 1,036,763 b/d on average in 2025 and 1,045,387 b/d in September 2026, checked October 2026. Output peaked at 1,900,840 b/d in 2008.
Is Angola still in OPEC?
No. EIA's January 2024 Short-Term Energy Outlook already listed Angola outside OPEC and in its non-OPEC supply table, so the country is not bound by OPEC+ production targets.
Which oil block produces the most in Angola?
Block 17, operated by TotalEnergies, produced 299,853 b/d in September 2026, about 29 percent of national output. Blocks 15 and 15/06 were next.
Who buys Angola's oil?
In the third quarter of 2025, China took 59.63 percent of crude exports, followed by India (8.59 percent), Indonesia (7.61 percent) and Spain (4.13 percent), according to the oil ministry's export balance.
How much of Angola's production does the state receive?
The country share was 453,980 b/d in September 2026, about 43 percent of gross production. It ranged from about 40 to 46 percent between June and September 2026.
Is Angola's production still falling?
It fell 7.8 percent in 2025, but monthly output in 2026 has stayed close to one million b/d, helped by new developments such as Agogo and Ndungu. The long-run decline since 2008 has averaged about 3.5 percent a year.
Related pages
- Nigeria country profile, Africa's other large deepwater and onshore producer.
- Global oil trade routes, for how West African crude reaches Asian refiners.
- What a barrel of oil is, for the units used in ANPG reports.
Sources
- Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG): production history, monthly production reports including the September 2026 summary published October 14, 2026, and news releases cited above; checked October 2026. Block and operator shares are from the September 2026 report; water-depth and well data from the same month.
- U.S. Energy Information Administration, Short-Term Energy Outlook, January 2024, OPEC membership note and Table 3b, checked October 2026.
This page is educational market research, not investment advice.