Country report

Angola upstream fiscal summary

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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 onshore production and the shallow water Cabinda concession. Within the PSC regime bonuses and profit oil/gas shares are negotiable – negotiated terms vary widely but generally reflect the perceived strong prospectivity of the area. Profit oil is divided between the investor...

What's included

This report contains

  • Document

    Angola upstream fiscal summary

    PDF 339.86 KB

Table of contents

Tables and charts

This report includes 21 images and tables including:

Images

  • Revenue flow chart - Angola PSC
  • Timeline
  • Split of the barrel - oil
  • Share of profit - oil
  • State share versus pre-share IRR - oil
  • Contractor profit share rates - onshore
  • Contractor profit share rates - offshore
  • Economic analysis: Image 4

Tables

  • Timeline detail
  • Effective royalty rate - onshore, oil
  • Effective royalty rate - shelf, oil
  • Effective royalty rate - deepwater, oil
  • Maximum government share – onshore, oil
  • Maximum government share –shelf, oil
  • Maximum government share – deepwater, oil
  • Bonuses, rentals and fees
  • Indirect taxes
  • Cost recovery ceilings
  • Capital uplift
  • Profit sharing
  • Assumed terms by location - oil

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