Country Report
Angola upstream fiscal summary
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Companies operating in Angola do so under two different fiscal regimes: offshore production is subject to production sharing contracts (PSCs), whereas a concession agreement, with tax and royalty payments, applies to most onshore production and the shallow water Cabinda concession. Within the PSC regime signature bonuses are biddable. Profit oil is divided between the investor and the government on a sliding-scale basis, which is linked to investor rate-of-return in offshore PSCs.
Table of contents
- Basis
- Licence terms
- Government equity participation
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Fiscal terms
- Bonuses, rentals and fees
- Indirect taxes
- Royalty
- PSC production sharing
- Ring fencing
- PSC cost recovery
- Base
- Rate
- 16 more item(s)...
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Recent history of fiscal changes
- Timeline detail
-
Stability provisions
- Split of the barrel and share of profit
- Effective royalty rate and maximum government share
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Progressivity
- State share versus pre-share IRR - gas
- Fiscal deterrence
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Investor IRR versus pre-share IRR - oil
- Investor IRR versus pre-share IRR - gas
Tables and charts
This report includes the following images and tables:
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TimelineEffective royalty rate - onshore, oil and gasEffective royalty rate - shelf, oil and gas
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Effective royalty rate - deepwater, oil and gasMaximum government share – onshore, oilMaximum government share –shelf/deepwater, oilMaximum government share – onshore, gasMaximum government share –shelf/deepwater, gasState share versus pre-share IRR - oil
- 15 more item(s)...
What's included
This report contains:
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