EFTA Document EFTA01367358

31 May 2015 Integrated Oil US Integrated Oils A Country by Country Outlook on Key Players Angola Recent pre-salt drilling activity withstanding, exploration spend in Angola over the last 15 years has been largely concentrated in the Lower Congo Basin. As a result, production growth in our forecast period is chiefly driven by project start-ups in the Lower Congo. However, longer-term production growth will likely shift towards the pre-salt Kwanza Basin (Cameia. Orca, Bicuar, etc). In o