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 |

Investment Intelligence

Investment analysis for Angola's petroleum industry.

Angola’s petroleum investment landscape is shaped by deepwater project economics, evolving production-sharing agreement terms, ANPG’s licensing round strategy, and the broader macro-fiscal environment. This section delivers the analytical depth required to evaluate upstream and midstream capital deployment — from block-level project economics and fiscal modelling to comparative risk assessment against competing African petroleum jurisdictions.