Angola Oil and Gas Report Q2 2013

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Angola Oil and Gas Report Q2 2013 Mar 27th 2013, 00:00 BMI View: The Angolan hydrocarbon market has made several steps forward since the beginning of 2013.These include the start-up of production at BP''s PSVM field and a final investment decision on Chevron''sMafumeira Sul project. The industry is nonetheless impaired by numerous delays and stringent abovegroundinstabilities. Attempts to cut gas flaring and the opening of the Angola LNG plant will boost theoutlook for gas production and exports, although recurrent delays have pushed back the project''s startingdate. OPEC quotas, the risk of further project delays and the Angolan political environment still imply asignificant amount of uncertainty for the country''s outpu...

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