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Sharp fall in Angola's production capacity

Angola has seen a substantial loss of production capacity as older fields decline

Angola's production capacity has declined sharply over the past year and is now barely higher than the country’s output, of 1.74 million barrels a day (b/d), according to Petroleum Economist’s field-by-field capacity estimates. Rising water-cuts are particularly evident for the country’s earlier deep-water fields, which have been producing for more than 10 years. Although two new developments – Eni’s West Hub in Block 15/06 and Total’s Clov in Block 17 – are due to start flowing in 2014, adding a combined peak of 230,000 b/d in 2015-16, this increment might be little more than the capacity to be lost from older fields over the coming few years. After a spectacular surge of deep-water devel

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