After years of declines in crude oil production, one of OPEC’s largest African producers, Angola, is finally about to see its production rising in the coming years, with several new projects coming online. Italy’s oil and gas major Eni said on Friday that it had started up the Agogo oilfield just nine months after its discovery, with the project timeline facilitated by the nearby Floating Production Storage Offloading (FPSO) Ngoma, which lies just 15 kilometers (9 miles) away from the Agogo field. The Agogo field is estimated to have more than 650 million barrels of oil in place, the Italian major said. Production at the new oilfield has already reached 10,000 barrels of oil per day (bpd) and is expected to rise to 20,000 bpd over the next few weeks, Eni said. Another major European company, France’s Total, has also been very active in Angola in recent months. In […]