Fracking operations are typified by tight arrangement of pressure pumping trucks. Shown is fracking of the Eagle Ford shale of South Texas, USA. Photo courtesy of Halliburton

Fracking operations are typified by tight arrangement of pressure pumping trucks. Shown is fracking of the Eagle Ford shale of South Texas, USA. Photo courtesy of Halliburton

Fracking, the new oil field technology of fracturing shale rock to produce oil, has suddenly propelled the USA into becoming one of the world’s largest producers of oil (and natural gas) and has led to a 60% drop in world oil prices in the last 6 months. The Angola Field Group invites you to a presentation that takes a look at Fracking in the USA and its Impact on Angola’s Economy, at the Viking Club, Thursday February 5th at 7:45 PM. The IMF (International Monetary Fund) Country Director Nicholas Staines will talk about the impact of the low oil prices on Angola’s economy. Senior petroleum geologist Tako Koning will explain the technology behind the new oil boom.

Canadian Nicholas Staines, became the IMF’s Representative in Angola in early 2011. He has been with the IMF for over 15 years, much of it working in Sub-Saharan Africa. He joined the Fund from the private sector as a macroeconomic forecaster following several years in academia. Canadian Tako Koning has over 40 years experience in the oil industry, including 19 years in Angola. He worked with Texaco for 30 years in Canada, Indonesia, Nigeria and Angola. He now works in Angola as an oil consultant.

Fracking spread in the desert of Oman, capable of delivering 50 to 80 barrels of fluid per minute into the well. Photo courtesy BP.

Fracking spread in the desert of Oman, capable of delivering 50 to 80 barrels of fluid per minute into the well. Photo courtesy BP.

More fracking takes place in the USA than any other country in the world.

More fracking takes place in the USA than any other country in the world. Click map to enlarge.

Everybody is welcome to attend. In close cooperation with the Viking Club, this event is offered free of charge. Beverages and snacks are sold at the Viking Bar which opens at 7:15 PM. Coupons must be purchased. You can download a map showing the location of the Viking Club on our Join Us page. The Viking Club is on the main floor of Edificio Maianga, Rua Marien Nguabi, No 118 in Maianga, across the street from the Panela de Barra restaurant.

For Sale: Pure raw honey from the Zambezi Valley in Moxico. Launching a new photo book, “Sonhos Angolanos” as well as other books.