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One understands from the passage that Angola's previously poor oil output ----.
Angola's emergence as a serious player in the global
oil sector has been underlined by the publication of
its latest production figures. After several years of
slow output growth, the fruits of the multi-billion dollar
deepwater investment programme are finally feeding
through. Thus, production reached 1.3 million barrels
a day during the final quarter of 2005. With the new
deepwater fields now coming into production, the
government's target of producing 2 million barrels a
day by 2008 now seems eminently within reach. In
the meantime, official Angolan government figures
indicate that oil production averaged 1.25 million
barrels a day during the course of 2005, a steep jump
on the year before. In addition, the government's
estimate of proven oil reserves has finally been
increased from 5.4 billion barrels to 12.4 billion
barrels. This shows that, as sub-Saharan Africa's
second biggest oil producer after Nigeria, Angola is in
an excellent position to overtake countries such as
Libya and Algeria in the table of oil powers on the
continent as a whole.