EXPLORATION

BP, Total's saving grace

ANGOLA is shaping up as a saving grace for super-majors like BP and Total who have announced heavy cuts due to depressed oil prices recently, while others like Chevron and ExxonMobil are also betting heavily on Africa's second largest oil producer.

Anthony Barich

Douglas Westwood's London-based researcher Celia Hayes said that as cuts to expenditure are announced, operators like BP and Total are looking to core assets in Angola as a focal point for spending over...

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