Crude Output: 1.12M bpd ▼ -3.2% vs 2024 | Brent Price: $78.40/bbl ▲ +2.1% MTD | Active Rigs: 14 ▲ +3 vs Q4 2025 | OPEC+ Quota: 1.28M bpd ▼ Dec 2025 baseline | Deepwater Share: 72% ▲ +4pp vs 2023 | Exploration Wells: 8 ▲ 2025 campaign | Sonangol Revenue: $12.4B ▼ -8% vs 2024 | Block Auctions: 6 blocks ▲ 2026 round | Crude Output: 1.12M bpd ▼ -3.2% vs 2024 | Brent Price: $78.40/bbl ▲ +2.1% MTD | Active Rigs: 14 ▲ +3 vs Q4 2025 | OPEC+ Quota: 1.28M bpd ▼ Dec 2025 baseline | Deepwater Share: 72% ▲ +4pp vs 2023 | Exploration Wells: 8 ▲ 2025 campaign | Sonangol Revenue: $12.4B ▼ -8% vs 2024 | Block Auctions: 6 blocks ▲ 2026 round |

Analysis

Independent analysis of Angola's petroleum industry.

Angola’s petroleum sector demands continuous analytical scrutiny as the country navigates declining legacy field output, new deepwater development campaigns, evolving OPEC+ dynamics, and a regulatory framework in active reformation. This section delivers structured intelligence covering upstream exploration and production trends, operator performance benchmarks, fiscal term analysis, and strategic assessments of Angola’s position within the global oil market.

Market Overview

Comprehensive overview of Angola's petroleum industry.

Mar 3, 2026