Sonangol Group

Group Sonangol is a parastatal that oversees petroleum and natural gas production in Angola. The group consists of Sonangol EP and its many subsidiaries. The subsidiaries generally have Sonangol EP as a primary client, along with other corporate, commercial and individual clients. Angola is estimated to have over 5 billion barrels of offshore and coastal petroleum reserves, and new discoveries are outpacing consumption by a 5 to 1 ratio.