BP links with Angola date back to the 1970´s. Following the merger with Amoco in the 1990´s BP gained substantial deep and ultra-deep assets in the Congo basin offshore Angola.
In the end of 2011, BP acquired further interests in five new deep and ultra-deep blocks in the Kwanza-Benguela basins. BP is a leading oil and gas exploration and production company in Angola, with interests in nine blocks in an area of 32,650 Km2. With a net production of more than 180mbd from four of these nine blocks, Angola is therefore a key asset in the BP´s global exploration and production portfolio.
BP operates blocks 18 and 31 in the Congo basin and blocks 19 and 24 in the Kwanza-Benguela basins and holds non-operating interests in blocks 15 and 17 in the Congo basin blocks 20, 25 and 26 in the Kwanza-Benguela basins and the Angola LNG plant in Soyo.
BP employs some 1,000 staff based in Angola, of whom more than 70 per cent are Angolan. We recruit talented people and develop them in order to be the technicians, engineers, and leaders of the future.
BP has a long term commitment to Angola. Our strategy involves developing a sustainable and material business in Angola that contributes to the economic and social development of the country, by finding and developing the best resources, creating capability and establishing strategic partnerships for institutional and social development. BP supports various social educational projects in Angola, from building rural schools and public libraries to supporting various University programmes. Examples are the master degree in oil and gas law, the master degree in oil and gas administration and the support for the engineering and science faculties at Agostinho Neto University.
BP’s strategy also involves building the capability of the local companies and promoting local content. BP’s PSVM project has one of the highest levels of local content in the country, with several components manufactured or assembled in Angola.