Though Angola continues to draw huge investment into its deep offshore oil search, its newer onshore territories, plans to export liquefied natural gas (LNG) and other post-civil war opportunities are also exciting foreign investors.
Record oil prices are not only filling government coffers but also encouraging more investment in the deep offshore wells that have held the key to Angola’s burgeoning oil wealth. Development of the Angola LNG scheme has opened the way for a whole new industry to develop, helping to cut gas flaring by oil producers and exploit previously ‘stranded’ gas fields to significantly raise income for the next decade.
