Walcot Limited, a Nigeria-based energy company, has signed a Production Sharing Contract with Angola's National Agency for Petroleum, Gas, and Biofuels (ANPG), securing rights to three oil blocks across two of Angola's most prolific basins. The two sites with combined prospective resources are estimated at more than 2 billion barrels of oil. Angola says it aims to maintain its oil output at 1.1 million barrels per day through 2027 and double it in the long term. Thami Ngubeni spoke to Oil and Gas Analyst Collins Nweke, who is also the Chairman Emeritus of Nigerians in Diaspora Europe.

<p>Walcot Limited,&nbsp;a Nigeria-based energy company, has signed a Production Sharing Contract with Angola's National Agency for Petroleum, Gas, and Biofuels&nbsp;(ANPG), securing rights to three oil blocks across two of Angola's most prolific basins. The two sites with combined prospective resources are estimated at more than 2 billion barrels of oil. Angola says it aims to maintain its oil output at 1.1 million barrels per day through 2027 and double it in the long term. Thami Ngubeni spoke to Oil and Gas Analyst Collins Nweke, who is also the Chairman Emeritus of Nigerians in Diaspora Europe.</p>

In-depth financial issues, profiling of African businesses doing well internationally, stocks & market updates.

<p>In-depth financial issues, profiling of African businesses doing well internationally, stocks &amp; market updates.</p>