Webinar - Angola (Scottish Enterprise)

Webinar - Angola (Scottish Enterprise)

19 December 2019

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A changed business environment is leading to real opportunities for the Scottish Oil and Gas supply chain.

Angola is desperate to increase its oil production, after it has fallen dramatically in the last few years. Recovery will come through Enhanced Oil Recovery techniques on its current fields and attracting new investment into 55 new shallow and deepwater blocks. It has also been recognised that over £4B worth of decommissioning of nearly 600 wells and subsea infrastructure is also another key opportunity for Scottish companies over the next 10 years.
Angola is in a very similar scenario to the North Sea in 2014 and like the operators in UK will have to drive down costs. There is very little indigenous industry, everything must be imported making the cost base very high. Like the UK, Angola has recently installed a new regulator, the ANLG who are very keen to ensure that the right business environment is in place to attract investors and influence collaboration in the supply chain to maximise economic recovery.
The President, João Lourenço has done his bit to introduce new reforms, tackle corruption, regulate banking, de-monopolize the supply chain and after travelling extensively he has adopted learnt lessons from other oil producing countries to make the Angolan market more dynamic.
There is now a fantastic opportunity for the Scottish supply chain to bring lessons learnt, new technology, digital solutions, low cost decommissioning techniques and processes to support operational optimisation here. There will be dependencies on good finds in the new blocks and the availability of foreign exchange to allow repatriation of profits if companies set up locally.
This webinar aims to demonstrate that Angola has opportunities and the government and new regulator is trying to make it easier for companies to set up and trade. We would hope to put Angola back on the trade radar.

The Webinar will be held on Thursday, Dec 19, 2019 10:00 AM - 11:30 AM GMT
Registration can be found at this link