Angola is launching a quarter-century offensive to reverse chronic upstream declines, driven by its 2025-2050 Hydrocarbon Strategy.

The strategy aims to rebuild national crude production, which plunged from a 2008 peak of 1.87 million barrels per day (bpd) to roughly 1.1 million bpd.

It follows a 2019-2025 framework that awarded 40 concessions and mobilised a $70-billion investment pipeline.

To maintain momentum, the regulator is launching licensing rounds across the Kwanza, Benguela, and Namibe basins.

In parallel, tax and royalty cuts on mature assets complement fiscal reforms like the Incremental Production Decree.

The country also plans to boost local content participation from 12 per cent to 20 per cent by 2027.

Major operators are committing capital.

TotalEnergies’ Begonia and CLOV Phase 3 added 60,000 bpd in 2025, alongside Azule Energy’s Agogo FPSO deployment.

TotalEnergies is advancing the $6-billion Kaminho deepwater project, whilst Shell secured Blocks 19, 34, and 35.

Gas monetisation is accelerating under a dedicated master plan.

March 2026 marked Angola’s debut in non-associated gas output via the New Gas Consortium’s Quiluma and Maboqueiro fields, backed by Azule’s Block 1/14 discovery.

With Jeronimo engaging global executives in September, Angola is aggressively positioning its upstream sector for long-term production past 2050.