Drastic times call for clinical measures: 2017 Angola research trip takeaways

Angola’s production is set to fall from 2019 due to a lack of investment. Fiscal changes to encourage development have missed the mark, and are likely to be reviewed. Sonangol's restructuring is ongoing, and the NOC’ s slower decision-making and approval process has further stalled activity. For life to be breathed into Angola's upstream industry, a smooth political transition in elections in August is required, along with clarity on revised fiscal terms and a fully functioning and lean Sonangol.