bp is one of the largest foreign investors in Angola, having invested more than $30 billion as at the end of 2018. We are the operator of blocks 18 and 31 and have non-operated interest in blocks 15, 17, 20 as well as the Angola LNG plant in Soyo.
bp Angola in the context of bp worldwide is one of bp’s key centres for hydrocarbon exploration and development and a key part of the bp group’s activity in deepwater exploration and production. We have interests in 6 offshore deep and ultra deepwater blocks and in an LNG Plant in Angola.
Our activities in Angola represent an important part of the group’s portfolio. Total net production from our operated assets and non-operated in Angola was 114.2 thousand barrels of oil per day in 2019.
bp Angola employs more than 700 staff split between Angola and UK. Approximately 87% of our total workforce based in Angola are Angolan nationals.
bp operates in Angola under production sharing agreements which set out the terms of engagement with the Angolan Government. The agreements provide the framework for our relationship with the Concessionaire, and include financial provisions relating to how investment costs are recovered, how profits are shared, and requirements on non-financial matters such as health, safety and the environment, the need to recruit and develop local people and the preferential use of local labour and materials where possible.